In this series we will discuss the most frequently asked questions we get on a regular basis from our clients regarding Precious Metals IRA’s. This is the fourth video in this series. Please make sure you watch the remaining videos in this series - they should help answer some of your questions about diversifying into the precious metals markets.
Where are the storage facilities for my Precious Metals IRA?
Various custodians use different storage facilities for the secure storage of your precious metals. Some custodians use multiple facilities and give you the option of choosing between different facilities. Most reputable precious metals firms keep an active list of available storage options through various custodians here. Some of the most popular facilities include:
- Delaware Depository Service Company (DDSC), Wilmington, DE
- Brink’s Global Service, Los Angeles, CA, Salt Lake City, UT, and Springfield Gardens, NY
- International Depository Services (IDS), New Castle, DE, Toronto, Canada, and Ontario, Canada
- First State Depository, Wilmington, DE
- CNT Depository, Bridgewater, MA
Will my Precious Metals IRA be stored safely and are my metals insured?
The depositories used by the major self-directed IRA custodians use state-of-the-art security systems, armed security, and surveillance. The facilities carry excess insurance policies from major global insurers like Travelers and Lloyd's of London. Some policies are in the billions of dollars. When you choose a reputable custodian and reputable storage, you can rest assured of the safety of your IRA precious metals.
Can I change storage facilities?
Yes. If you are unsatisfied with your storage facility or the fees charged, you may move your precious metals to another storage facility. If your custodian does not offer the storage facility you desire, you may need to change IRA custodians.
Thank you for watching this video in our series on Precious Metals IRA’s. We hope you found it informative. Please make sure you watch the remaining videos in this series - they should help answer some of your questions about diversifying into the precious metals markets. You can always find more information on this topic, as well as other important information on the precious metals markets by visiting our website linked in the description below.