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This episode clarifies that the IRS strictly prohibits individuals from keeping Gold IRA assets in their personal residence or a private safe. Instead, all physical metals must be held by an authorized custodian and stored within a certified depository to maintain the account's tax-advantaged status. Attempting to store these assets at home can lead to severe financial consequences, including the total value being taxed as a distribution and the assessment of early withdrawal penalties. The discussion further outlines the necessary procedures for legally establishing a gold-backed retirement account, emphasizing the roles ...