Per IRS guidelines, IRA-owned assets must remain in the custody of the IRA custodian (STRATA) until distributed or sold. STRATA does not physically hold precious metals and requires the investment to be stored with a third-party depository (learn more about depositories and storage options).
Taking Possession — The only option to physically take possession of your precious metals is to remove them from your IRA. You may take an “in-kind” distribution of precious metals from the IRA at any time. If you do not meet the IRS distribution requirement guidelines, the transaction is considered a taxable event, which means it will be reported to the IRS and may also be subject to withdrawal penalties.
To take an in-kind distribution of all or part of your precious metals, complete our IRA Distribution Request for Precious Metals Held at Brinks form. Or, if your precious metals are held at Delaware Depository (DDSC), complete our IRA Distribution Request for Precious Metals Held at Delaware Depository form.
As always, consult your tax professional regarding these matters prior to taking any action.