WEBVTT 00:00:00.000 --> 00:00:02.060 Welcome to the deep dive. This is where we take 00:00:02.060 --> 00:00:05.259 all those articles, notes, things you send us. 00:00:05.400 --> 00:00:07.080 Yeah, the research people want us to look into. 00:00:07.320 --> 00:00:09.640 Exactly. And we just, well, we dive in, find 00:00:09.640 --> 00:00:11.580 the important stuff. We try to be your shortcut 00:00:11.580 --> 00:00:14.619 to getting informed. That's the idea. So today, 00:00:14.660 --> 00:00:17.839 we're tackling something that, honestly, it pops 00:00:17.839 --> 00:00:20.379 up quite a bit, especially when you're looking 00:00:20.379 --> 00:00:23.899 at retirement options. The whole tangible asset 00:00:23.899 --> 00:00:26.719 thing. Right, like gold. Owning something physical 00:00:26.719 --> 00:00:30.429 for retirement, it feels solid, you know? Secure 00:00:30.429 --> 00:00:32.329 you see the ads you hear about it. It definitely 00:00:32.329 --> 00:00:34.109 has that appeal. I mean in a world That's so 00:00:34.109 --> 00:00:37.969 digital having actual gold or silver. It feels 00:00:37.969 --> 00:00:40.289 different gives a sense of stability Maybe yeah 00:00:40.289 --> 00:00:43.270 stability and that feeling leads right into the 00:00:43.270 --> 00:00:45.250 question You asked us to really get into based 00:00:45.250 --> 00:00:47.710 on this article someone sent. Can I store my 00:00:47.710 --> 00:00:52.539 IRA gold at home? Ah Yes That one. It's probably 00:00:52.539 --> 00:00:54.420 one of the first questions people have. I bet. 00:00:54.679 --> 00:00:56.200 And the article you shared really goes straight 00:00:56.200 --> 00:00:59.479 at it. So our job today is, well, unpack the 00:00:59.479 --> 00:01:01.399 answer, obviously, but also the why behind it. 00:01:01.640 --> 00:01:04.700 And the how, the mechanics of it all based on 00:01:04.700 --> 00:01:07.719 these sources. That's where the details really 00:01:07.719 --> 00:01:10.400 matter. Totally. And look, the simple answer 00:01:10.400 --> 00:01:13.819 to, can I keep my IRA gold in my house? The article 00:01:13.819 --> 00:01:15.819 makes it pretty clear, pretty fast. It does. 00:01:15.819 --> 00:01:18.420 It's quite direct. But understanding why that's 00:01:18.420 --> 00:01:20.920 the rule, and frankly, what happens if you don't 00:01:20.920 --> 00:01:24.719 follow it. That's where the real critical info 00:01:24.719 --> 00:01:29.400 is. And maybe some potential pitfalls, too. OK, 00:01:29.400 --> 00:01:31.359 let's get into it. All right. So jumping right 00:01:31.359 --> 00:01:34.120 in, the material we looked at, absolutely clear 00:01:34.120 --> 00:01:37.340 on this. Storing gold or silver or any precious 00:01:37.340 --> 00:01:40.000 metal that's owned by your IRA, storing it at 00:01:40.000 --> 00:01:42.920 home, not allowed. Or in your personal safe deposit 00:01:42.920 --> 00:01:45.700 box or anywhere you personally control it, the 00:01:45.700 --> 00:01:48.439 IRS says no. Full stop. Wow. Okay. No wiggle 00:01:48.439 --> 00:01:50.620 room there. Like not even one little gold coin 00:01:50.620 --> 00:01:52.540 you keep in a drawer. As far as the rules for 00:01:52.540 --> 00:01:55.019 assets inside the IRA go, no. The moment it's 00:01:55.019 --> 00:01:57.040 in your hands, personally, the IRS treats it 00:01:57.040 --> 00:01:59.379 completely differently. Okay. Okay. So if you 00:01:59.379 --> 00:02:01.799 absolutely cannot store it at home, no, wait, 00:02:01.840 --> 00:02:04.140 what's the logic? Why can't my retirement goal 00:02:04.140 --> 00:02:06.900 just be safe in my own house? Well, the reason, 00:02:07.079 --> 00:02:08.919 according to the sources, it gets right to the 00:02:08.919 --> 00:02:11.740 purpose of an IRA. Think about it, the gold in 00:02:11.740 --> 00:02:15.080 your IRA, it's an investment for... retirement. 00:02:15.219 --> 00:02:17.340 Right. Not just gold you happen to own. Exactly. 00:02:17.460 --> 00:02:19.520 It's not supposed to be like a personal belonging 00:02:19.520 --> 00:02:23.099 you can just dip into or, you know, use whenever 00:02:23.099 --> 00:02:24.960 you feel like it before you hit retirement age, 00:02:25.039 --> 00:02:27.580 at least not without facing consequences. Ah, 00:02:27.699 --> 00:02:31.060 so it's really about preserving the retirement 00:02:31.060 --> 00:02:33.020 account structure. Yeah. Keeping that pot of 00:02:33.020 --> 00:02:35.939 money strictly for retirement. Precisely. The 00:02:35.939 --> 00:02:38.520 rule is there specifically to prevent people 00:02:38.520 --> 00:02:41.560 from, well, misusing it or taking it out early. 00:02:41.819 --> 00:02:44.800 If you could just bring the gold bars home, it 00:02:44.800 --> 00:02:47.500 would be way too easy to maybe sell one on the 00:02:47.500 --> 00:02:50.659 side or use it somehow, effectively taking an 00:02:50.659 --> 00:02:52.419 early distribution without going through the 00:02:52.419 --> 00:02:55.139 proper channels, the IRS channels, which involve 00:02:55.139 --> 00:02:57.460 taxes and potentially penalties. That makes total 00:02:57.460 --> 00:02:59.900 sense from their angle. Keep the retirement in 00:02:59.900 --> 00:03:01.919 individual retirement account. So if you can't 00:03:01.919 --> 00:03:04.000 hold it, who does? Where does the physical gold 00:03:04.000 --> 00:03:08.020 actually end up? The source has mentioned two 00:03:08.020 --> 00:03:10.780 key players. That's right. To do this legally, 00:03:11.000 --> 00:03:13.919 With precious metals inside an IRA, you absolutely 00:03:13.919 --> 00:03:16.639 need two specific types of entities involved. 00:03:17.080 --> 00:03:20.000 First, a custodian. Custodian. And second, an 00:03:20.000 --> 00:03:22.259 IRS -approved depository. Right. Let's break 00:03:22.259 --> 00:03:24.240 those down. Custodian first. What's their job 00:03:24.240 --> 00:03:26.819 in all this? OK. The custodian has to be a financial 00:03:26.819 --> 00:03:29.719 institution that the IRS has basically given 00:03:29.719 --> 00:03:33.560 the green light to handle IRAs. So think banks, 00:03:33.900 --> 00:03:37.090 credit unions, trust companies. sometimes specialized 00:03:37.090 --> 00:03:40.310 firms that only do IRAs. Their role is essentially 00:03:40.310 --> 00:03:43.569 the admin side. They hold the asset legally on 00:03:43.569 --> 00:03:46.050 your behalf, acting as a fiduciary. They manage 00:03:46.050 --> 00:03:47.729 the account itself, deal with the paperwork, 00:03:47.969 --> 00:03:50.610 make sure transactions follow IRS rules. They 00:03:50.610 --> 00:03:52.530 administer the account. Okay, so they handle 00:03:52.530 --> 00:03:55.349 the account, the paperwork, and they legally 00:03:55.349 --> 00:03:57.849 hold the gold for me. But wait, do they actually 00:03:57.849 --> 00:04:00.759 have the physical... Bars and coins in their 00:04:00.759 --> 00:04:03.080 bank vault? That seems unlikely for some random 00:04:03.080 --> 00:04:04.860 bank branch. That's a really good point, and 00:04:04.860 --> 00:04:07.639 it's why you need that second entity. The custodian 00:04:07.639 --> 00:04:10.680 manages the account, the legal title, the paperwork 00:04:10.680 --> 00:04:13.319 side. But the actual physical metal? That must 00:04:13.319 --> 00:04:16.160 be stored at the IRS approved depository. Ah. 00:04:16.560 --> 00:04:18.240 Okay, that's where the actual Fort Knox -style 00:04:18.240 --> 00:04:20.560 storage happens. Pretty much. Yeah, these are 00:04:20.560 --> 00:04:22.759 specialized facilities. They're vetted by the 00:04:22.759 --> 00:04:26.519 IRS. specifically designed and approved for storing 00:04:26.519 --> 00:04:30.680 IRA precious metals. We're talking serious security. 00:04:30.860 --> 00:04:33.800 Like what? Oh, you know, 247 monitoring, state 00:04:33.800 --> 00:04:36.459 -of -the -art vaults, strict access controls, 00:04:36.620 --> 00:04:40.139 the works. And crucially, they have hefty insurance 00:04:40.139 --> 00:04:41.980 policies covering the value of what's stored 00:04:41.980 --> 00:04:44.860 there. Makes sense. And the source material also 00:04:44.860 --> 00:04:47.420 mentions you might have choices within the depository, 00:04:47.699 --> 00:04:50.870 like... Uh, segregated storage where your specific 00:04:50.870 --> 00:04:53.589 coins or bars are kept separate. Versus just 00:04:53.589 --> 00:04:55.769 pooled with others. Right, or non -segregated. 00:04:56.129 --> 00:04:59.089 But the main takeaway is, the physical gold is 00:04:59.089 --> 00:05:01.269 securely locked up in their approved facility, 00:05:01.490 --> 00:05:03.949 not with the custodian company itself, and definitely 00:05:03.949 --> 00:05:06.310 not with you at home. Got it. Custodian handles 00:05:06.310 --> 00:05:09.050 the account, depository guards the actual metal. 00:05:09.629 --> 00:05:13.009 Okay, now, the really scary part. What if someone 00:05:13.009 --> 00:05:15.209 just says forget the rules and takes their IRA 00:05:15.209 --> 00:05:17.740 gold home anyway? The sources were pretty blunt 00:05:17.740 --> 00:05:19.899 about the consequences here. This is where it 00:05:19.899 --> 00:05:22.199 could go really wrong. Oh, yeah. The penalties 00:05:22.199 --> 00:05:25.740 are severe, and they're designed to be. The minute 00:05:25.740 --> 00:05:28.660 you take personal possession of gold that legally 00:05:28.660 --> 00:05:32.120 belongs to your IRA, the IRS considers that a 00:05:32.120 --> 00:05:34.420 distribution, a withdrawal from your retirement 00:05:34.420 --> 00:05:36.860 account, and not just, like, a small one. What 00:05:36.860 --> 00:05:38.879 do you mean, not a small one? The material we 00:05:38.879 --> 00:05:41.779 reviewed says the entire value of whatever precious 00:05:41.779 --> 00:05:45.110 metals you took possession of. That whole amount 00:05:45.110 --> 00:05:48.189 is treated as if you withdrew it from your IRA. 00:05:48.389 --> 00:05:51.850 The whole value. Just for moving it home. Even 00:05:51.850 --> 00:05:53.949 if I didn't sell it. That seems to be the interpretation, 00:05:54.170 --> 00:05:56.750 yes. Taking possession triggers it. And then 00:05:56.750 --> 00:05:59.250 that full amount is subject to ordinary income 00:05:59.250 --> 00:06:02.490 tax in that tax year. Wow. Okay, that's already 00:06:02.490 --> 00:06:04.509 painful. But wait, there's more. If you're under 00:06:04.509 --> 00:06:07.230 age 59 and a half when you do this. Oh no. The 00:06:07.230 --> 00:06:10.279 early withdrawal penalty? Bingo. An additional 00:06:10.279 --> 00:06:13.000 10 % penalty slapped on top of the income tax 00:06:13.000 --> 00:06:16.560 on the entire value you took home. Ouch. So just 00:06:16.560 --> 00:06:19.000 by bringing your IRA gold home, you could instantly 00:06:19.000 --> 00:06:22.100 lose, what, 30, 40, maybe 50 % or more of its 00:06:22.100 --> 00:06:24.759 value to taxes and penalties, depending on your 00:06:24.759 --> 00:06:27.339 tax bracket. Easily. It could be financially 00:06:27.339 --> 00:06:30.480 devastating, wiping out years of potential growth 00:06:30.480 --> 00:06:32.980 or your contributions. And the source is also 00:06:32.980 --> 00:06:35.740 worn. this kind of violation, it could make the 00:06:35.740 --> 00:06:38.680 IRS question the legitimacy of your entire IRA. 00:06:38.980 --> 00:06:41.779 Leading to audits. More trouble. Potentially, 00:06:42.019 --> 00:06:44.220 yeah. Further scrutiny, maybe even disqualifying 00:06:44.220 --> 00:06:47.519 the account. So the rules, while strict, are 00:06:47.519 --> 00:06:49.879 partly there to prevent these massive financial 00:06:49.879 --> 00:06:52.720 hits. They kind of force you into a compliant 00:06:52.720 --> 00:06:55.160 structure to protect the system and maybe protect 00:06:55.160 --> 00:06:57.060 you from yourself. Right. protecting you from 00:06:57.060 --> 00:06:59.019 those huge penalties. Okay. Okay. So we have 00:06:59.019 --> 00:07:02.360 the custodian, the depository. Where do those 00:07:02.360 --> 00:07:05.160 gold IRA companies you see advertised fit in? 00:07:05.180 --> 00:07:07.779 What's their role? Good question. Think of the 00:07:07.779 --> 00:07:11.259 gold IRA companies as the facilitators, the guides 00:07:11.259 --> 00:07:13.439 through this whole process, especially for investors 00:07:13.439 --> 00:07:15.779 who are new to it. OK. The material explains 00:07:15.779 --> 00:07:17.500 they help with, well, pretty much everything, 00:07:17.800 --> 00:07:19.839 setting up the IRA account itself, helping you 00:07:19.839 --> 00:07:21.759 choose the right kind of gold or silver, because 00:07:21.759 --> 00:07:24.800 not all coins or bars meet the IRS purity and 00:07:24.800 --> 00:07:26.899 type standards for IRAs. But there are specific 00:07:26.899 --> 00:07:30.100 requirements. Very specific. And they help liaise 00:07:30.100 --> 00:07:32.379 between you, the custodian you choose, and the 00:07:32.379 --> 00:07:35.839 depository. They arrange the purchase and the 00:07:35.839 --> 00:07:37.879 secure transfer of the metals to the storage 00:07:37.879 --> 00:07:41.259 facility. Often, they have existing relationships 00:07:41.259 --> 00:07:43.319 with certain custodians and depositories they 00:07:43.319 --> 00:07:45.100 prefer to work with. Which might make it easier. 00:07:45.259 --> 00:07:47.959 It can streamline things, yeah. But the source 00:07:47.959 --> 00:07:49.899 material usually notes that the final choice 00:07:49.899 --> 00:07:52.339 of custodian should still be yours. They're like 00:07:52.339 --> 00:07:55.180 the project managers guiding the whole setup. 00:07:55.399 --> 00:07:58.199 Gotcha. The project managers for your gold IRA. 00:07:58.480 --> 00:08:02.040 Okay, so since home storage is totally out, let's 00:08:02.040 --> 00:08:04.300 circle back to the required alternative that 00:08:04.300 --> 00:08:07.040 approved depository. According to the source, 00:08:07.480 --> 00:08:09.740 what should you really be looking for when choosing 00:08:09.740 --> 00:08:13.000 one, besides just being IRS approved? Well, security 00:08:13.000 --> 00:08:15.240 is paramount, obviously. The material really 00:08:15.240 --> 00:08:17.779 emphasizes looking for concrete things. Those 00:08:17.779 --> 00:08:20.500 state -of -the -art vaults we mentioned, 247 00:08:20.500 --> 00:08:22.920 surveillance, sophisticated alarm systems, controlled 00:08:22.920 --> 00:08:25.660 access. You want top -tier physical security. 00:08:25.740 --> 00:08:28.629 Makes sense. What else? Insurance. That's huge. 00:08:29.050 --> 00:08:31.189 You need to be sure the depository carries enough 00:08:31.189 --> 00:08:33.730 insurance to cover the full market value of your 00:08:33.730 --> 00:08:36.950 holdings in case of theft, damage, catastrophe. 00:08:37.149 --> 00:08:40.230 Right. Full replacement value. Exactly. And beyond 00:08:40.230 --> 00:08:43.210 the physical security and insurance, the depository 00:08:43.210 --> 00:08:46.149 is also key for compliance. They provide the 00:08:46.149 --> 00:08:48.970 necessary paperwork, the account statements detailing 00:08:48.970 --> 00:08:51.929 your physical holdings, which you and your custodian 00:08:51.929 --> 00:08:54.889 need for IRS reporting. So they protect the metal. 00:08:55.100 --> 00:08:57.460 and they provide the proof for the IRS, both 00:08:57.460 --> 00:09:00.639 vital. And naturally, none of this comes free, 00:09:00.639 --> 00:09:03.190 right? The article mentioned costs. Correct. 00:09:03.389 --> 00:09:05.490 There are definitely fees involved in setting 00:09:05.490 --> 00:09:08.509 up and maintaining a gold IRA with physical storage. 00:09:08.970 --> 00:09:10.850 You'll likely see set up fees when you open the 00:09:10.850 --> 00:09:13.450 account. Okay. Then there are annual fees. Your 00:09:13.450 --> 00:09:15.889 custodian will charge an annual account administration 00:09:15.889 --> 00:09:18.570 fee and the depository will charge an annual 00:09:18.570 --> 00:09:20.929 storage fee, which often depends on the value 00:09:20.929 --> 00:09:23.110 of your metals and maybe whether you chose segregated 00:09:23.110 --> 00:09:25.330 or non -segregated storage. Right. Storage isn't 00:09:25.330 --> 00:09:27.870 free. Nope. And there might also be transaction 00:09:27.870 --> 00:09:30.350 fees when you buy or sell the metals within the 00:09:30.350 --> 00:09:33.830 IRA. The source material generally presents these 00:09:33.830 --> 00:09:37.389 as the necessary costs of doing business this 00:09:37.389 --> 00:09:39.889 way, legally, securely, and keeping everything 00:09:39.889 --> 00:09:42.409 above board with the IRS. It's the price for 00:09:42.409 --> 00:09:45.009 that compliance and peace of mind. The cost of 00:09:45.009 --> 00:09:47.049 doing it right. OK, let's make this practical. 00:09:47.669 --> 00:09:49.370 Say someone listening is thinking, all right, 00:09:49.470 --> 00:09:52.240 I want to do this the right way. What are the 00:09:52.240 --> 00:09:54.580 actual steps involved? According to the sources, 00:09:54.940 --> 00:09:58.200 how do you get gold into an IRA and stored properly? 00:09:58.840 --> 00:10:01.340 The material lays out a pretty clear path. Step 00:10:01.340 --> 00:10:04.690 one. Choose your team. You need to select a reputable 00:10:04.690 --> 00:10:07.029 Gold IRA company to work with and also choose 00:10:07.029 --> 00:10:09.409 a qualified custodian. Researching both is really 00:10:09.409 --> 00:10:11.370 important. Okay, choose the company and the custodian. 00:10:11.690 --> 00:10:14.870 Step two. Step two is opening the actual Gold 00:10:14.870 --> 00:10:17.690 IRA account. The Gold IRA company usually helps 00:10:17.690 --> 00:10:19.590 you with the paperwork for the custodian you've 00:10:19.590 --> 00:10:22.230 picked. Account open. Now money. How does that 00:10:22.230 --> 00:10:25.730 work? Step three, fund the account. Usually, 00:10:25.929 --> 00:10:28.450 this means rolling over funds from an existing 00:10:28.450 --> 00:10:31.549 retirement account, like an old 401k or another 00:10:31.549 --> 00:10:34.429 IRA, or maybe transferring funds. That money 00:10:34.429 --> 00:10:37.909 goes directly to the custodian. Got it. Money's 00:10:37.909 --> 00:10:40.070 landed with the custodian. Now for the shiny 00:10:40.070 --> 00:10:43.309 stuff. Exactly. Step four, select your medals. 00:10:43.559 --> 00:10:46.360 This is where the gold IRA company really assists. 00:10:46.519 --> 00:10:49.000 They'll help you choose the specific gold or 00:10:49.000 --> 00:10:51.940 silver coins or bars that meet those strict IRS 00:10:51.940 --> 00:10:54.759 requirements for fineness and type. Not just 00:10:54.759 --> 00:10:57.220 any gold necklace or old coin collection qualifies. 00:10:57.379 --> 00:11:00.129 Right, gotta be IRA eligible metals. Then what? 00:11:00.309 --> 00:11:03.730 Then step five, storage coordination. Once you've 00:11:03.730 --> 00:11:05.590 bought the metals using the funds in your IRA, 00:11:06.009 --> 00:11:07.950 the custodian works with the gold IRA company 00:11:07.950 --> 00:11:09.990 and the depository to arrange for the secure 00:11:09.990 --> 00:11:12.289 transportation and storage of your metals at 00:11:12.289 --> 00:11:14.669 that IRS approved facility you selected. Sounds 00:11:14.669 --> 00:11:16.370 like the company and custodian really hold your 00:11:16.370 --> 00:11:17.970 hand through that process. They generally do, 00:11:18.009 --> 00:11:19.570 yeah. It's in everyone's interest to make sure 00:11:19.570 --> 00:11:21.649 it's done compliantly from the start. Okay, so 00:11:21.649 --> 00:11:23.750 it's all set up. The gold is safe and sound at 00:11:23.750 --> 00:11:26.490 the depository. What about down the road? How 00:11:26.490 --> 00:11:28.950 do you stay compliant year after year? Yeah, 00:11:29.250 --> 00:11:31.110 maintaining compliance is definitely an ongoing 00:11:31.110 --> 00:11:33.970 thing. The sources highlight that. Your custodian 00:11:33.970 --> 00:11:36.570 is key here. They'll send you regular account 00:11:36.570 --> 00:11:38.470 statements showing your holdings. Like a bank 00:11:38.470 --> 00:11:40.750 statement, but for gold bars. Sort of, yeah. 00:11:41.230 --> 00:11:43.230 And they handle the required reporting to the 00:11:43.230 --> 00:11:46.450 IRS about the assets in your IRA. But the advice 00:11:46.450 --> 00:11:49.169 is usually that you, the investor, should also 00:11:49.169 --> 00:11:51.549 keep your own meticulous records. Good practice, 00:11:51.549 --> 00:11:54.250 anyway. Absolutely. And stay generally aware 00:11:54.250 --> 00:11:56.730 of any changes to tax laws that might affect 00:11:56.730 --> 00:11:59.590 IRAs or precious metals. Basically, keep in touch 00:11:59.590 --> 00:12:01.850 with your gold IRA company and your custodian. 00:12:02.250 --> 00:12:04.389 Regular communication helps make sure everything 00:12:04.389 --> 00:12:08.169 stays on track. OK, this has been, well, a really 00:12:08.169 --> 00:12:10.769 clarifying deep dive. We started with that simple 00:12:10.769 --> 00:12:13.649 question, can I keep my IRA gold at home? And 00:12:13.649 --> 00:12:16.250 we've unpacked the clear, no, the reasons why, 00:12:16.470 --> 00:12:19.549 who needs to be involved? the process, and the 00:12:19.549 --> 00:12:21.490 potential consequences. Understanding all these 00:12:21.490 --> 00:12:24.269 pieces is just, it's fundamental if you're considering 00:12:24.269 --> 00:12:26.590 this type of investment. Getting it wrong can 00:12:26.590 --> 00:12:30.009 be incredibly costly. For sure. So summing it 00:12:30.009 --> 00:12:32.490 all up, what does this really mean for you, the 00:12:32.490 --> 00:12:35.450 listener? It means that appealing image of having 00:12:35.450 --> 00:12:37.750 your retirement gold tucked away in your own 00:12:37.750 --> 00:12:41.110 safe. If it's IRA gold, that's off the table. 00:12:41.320 --> 00:12:43.899 trying it could lead to major tax hits and penalties. 00:12:44.320 --> 00:12:47.100 The only legal and secure route involves those 00:12:47.100 --> 00:12:49.899 specific players. The custodian managing the 00:12:49.899 --> 00:12:52.519 account, the IRS approved depository physically 00:12:52.519 --> 00:12:55.659 storing the metal, and often a gold IRA company 00:12:55.659 --> 00:12:58.220 helps orchestrate it all. Right. So compliance 00:12:58.220 --> 00:13:01.559 isn't just bureaucracy. It's actually about safeguarding 00:13:01.559 --> 00:13:03.500 your retirement funds from taxes, penalties, 00:13:03.580 --> 00:13:06.659 and even theft by using this established regulated 00:13:06.659 --> 00:13:09.360 system. Exactly. It provides a structure, security, 00:13:09.600 --> 00:13:12.840 and a paper trail for the IRS. Absolutely. And 00:13:12.840 --> 00:13:14.700 that brings us to a final thought, kind of prompted 00:13:14.700 --> 00:13:17.679 by the source material itself. Even though you 00:13:17.679 --> 00:13:19.700 absolutely cannot store the gold yourself at 00:13:19.700 --> 00:13:22.480 home, you still have some really important decisions 00:13:22.480 --> 00:13:25.320 to make. You have to choose who you trust. That's 00:13:25.320 --> 00:13:27.340 a critical point. You need to pick the gold IRA 00:13:27.340 --> 00:13:29.580 company you work with, the custodian who administers 00:13:29.580 --> 00:13:32.139 your account, and the depository where your physical 00:13:32.139 --> 00:13:34.620 assets will live. Which leaves you, the listener, 00:13:34.919 --> 00:13:37.399 with a pretty significant question to ponder 00:13:37.399 --> 00:13:40.700 if you go down this road. How do you really vet 00:13:40.700 --> 00:13:43.799 these partners? How do you balance finding a 00:13:43.799 --> 00:13:46.519 company and custodian and depository that you 00:13:46.519 --> 00:13:49.379 trust that offers security and good service while 00:13:49.379 --> 00:13:52.879 ensuring everything stays fully compliant? That's 00:13:52.879 --> 00:13:54.980 the next layer of due diligence, isn't it? It 00:13:54.980 --> 00:13:57.940 really is. Choosing those partners wisely is 00:13:57.940 --> 00:14:00.000 key to making the whole strategy work effectively 00:14:00.000 --> 00:14:02.480 and safely over the long term. Something to definitely 00:14:02.480 --> 00:14:04.120 think about. Thanks for joining us for this deep 00:14:04.120 --> 00:14:04.419 dive.