Depository
Definition
A depository is an IRS-approved vault facility that physically stores your Gold IRA metals. Depositories provide insurance, armed security, and either segregated or commingled storage options. You cannot legally store Gold IRA metals at home or in a personal safe deposit box. Common depositories include the Delaware Depository and Brink's Global Services. Each depository charges annual storage fees, which vary based on your account value and storage type.
Why It Matters for Gold IRA Investors
Storage fees are an ongoing cost that directly affects your returns. Knowing how depositories work helps you compare providers and understand why "home storage" Gold IRA schemes violate IRS rules.