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What are the best gold IRA depositories in the USA?
Which depository can you trust with your precious metals so you don’t get scammed?
Should you go directly to a depository of should you work with an IRA company instead?
Learn it all right below.
- 3 Best Gold Depositories in the US
- What are the Characteristics of a Safe Gold Depository? How to Choose?
Table of Contents
3 Best Gold Depositories in the US
Here are the 3 best gold depositors in the US. There are many more depositories available on US soil, but I vetted and picked only the best ones for this article.
1) Delaware Depository
Delaware Depository is a secure precious metals storage company with comprehensive security measures, including motion, sound, vibration, and metal detection. Their vaults are physically fortified and monitored 24/7, with $1 billion in insurance coverage.
The company offers both segregated and non-segregated storage options across multiple locations in the United States, Switzerland, and Canada.
Delaware Depository boasts an A+ rating from the Better Business Bureau and has received predominantly positive customer reviews. The company is trusted for COMEX and NYMEX metal trading, maintains no debt, and keeps bullion off-balance sheets, providing additional security for investors and storage clients.
Delaware Depository Pricing:
- Minimum semiannual charge of $25.
- Annual fee for segregated storage: 1.5% of the value of precious metals, with a minimum semiannual charge of $50.
- Annual fee for non-segregated storage: 0.50% of the value of precious metals for products other than 1,000-ounce silver bars ($102) and 100-ounce gold bars ($180).
2) Texas Bullion Depository
The Texas Bullion Depository is a state-administered facility located in Leander, Texas, established through legislation signed by Governor Greg Abbott in 2015.
Operated in partnership with Lone Star Tangible Assets, the depository offers secure storage for precious metals including gold, silver, platinum, palladium, and even rhodium.
U.S. citizens and business entities can open accounts as of June 2018, with the facility providing segregated storage and full insurance through Lloyd’s of London.
The depository prioritizes security and privacy, employing industry-leading encryption, physical security measures, and a multi-layered protection approach. A dedicated security team and Texas law enforcement supplement the facility’s safety protocols.
Account holders such as yourself can access their information through a secure, password-protected online portal, with personally identifiable information fully encrypted and protected.
The facility offers various account types, including personal, joint, business, trust, and estate accounts, with storage fees calculated based on the total value of metals stored.
3) Gold Depository Eagle Idaho (Money Metals Depository)
Nestled at the base of the Boise Foothills, the Money Metals Depository in Eagle, Idaho, stands as a cutting-edge fortress for precious metals storage. Constructed at a cost of $28 million, this 37,000-square-foot facility represents a significant milestone in secure asset protection.
Boasting the largest Class 3 vault in North America, the depository can securely hold up to $100 billion in gold and silver, with potential for future expansion to 60,000 square feet.
Money Metals Depository features comprehensive security measures, including around-the-clock monitoring, advanced access controls, and a security team composed of armed former law enforcement and military personnel.
Strategically located adjacent to city and county emergency services, the depository offers individuals, businesses, and institutions a highly secure storage solution.
Money Metals has served over 750,000 customers and they’re processing up to 40,000 orders monthly, with their new depository cementing its position in the market.
Money Metals Depository Pricing:
- $0-$15.999- $96 (annual fee);
- $16 000- $99.999- 0.59%
- $100 000- $999 000- 0.49%
- $1 000 000- $2 900 000- 0.39%
What are the Characteristics of a Safe Gold Depository? How to Choose?
Here are the main characteristics of safe gold depositories. You need to be aware of these if you’re working alone and considering where to put your bullion so it’s safe and protected.
Working with a gold IRA company removes this dilemma because the best US gold investment companies only work with the most trust depositors across the country.
Physical Security Measures. Your chosen depository needs to have at least one high-security vault with multiple layers of physical protection. It should also have advanced access control systems, including biometric scanners. 24/7 armed security personnel and comprehensive surveillance systems with multiple camera angles.
Bonus points if the depository is located far away from high-risk areas or potential natural disaster zones with reinforced walls, doors, and entry points designed to resist break-ins.
Insurance and Legal Protection. Your chose depository should offer full insurance coverage for stored precious metal assets. It should also offer comprehensive third-party liability insurance, clear legal documentation of ownership and storage terms and compliance with international banking and precious metals storage regulations. You should also be able to visit your bullion whenever you want to check up on it.
Storage Infrastructure. Your chosen depository needs to have climate-controlled environments to prevent environmental damage. This is because some precious metals are vulnerable to external elements which can tarnish or even corrode them (air humidity, fire, water damage…). For example, gold doesn’t tarnish, but silver tarnishes easily. The depository should also have segregated storage options available to customers. This is so you can keep your valuables physically separated from other client’s assets.
Operational Transparency. Your depository should also offer regular, independent third-party audits, detailed inventory management systems, digital and physical documentation of all gold assets and clear reporting mechanisms for clients
You should also be able to verify gold purity and authenticity on demand. Also applicable for all other types of precious metals stored there.
Reputation and Credibility. Your chosen depository should have a long-standing track record in gold storage. It should boast plenty of positive reviews and testimonials from clients. It should have affiliations with reputable financial institutions and compliance with international standards and best practices.
The depository you pick should also have transparent ownership and management structure so you know immediately who’s legally responsible for keeping your bullion safe.
Accessibility and Flexibility. Your chosen depository should give you as a client options for both allocated and unallocated storage, multiple location options for global asset protection and flexible withdrawal and transfer processes.
You should also be able to understand the depository’s fee structure and professional and courteous customer support is a given.
Ethical and Compliance Considerations. Your chosen depository should adhere to international anti-money laundering (AML) regulations, Know Your Customer (KYC) and international trade and precious metals regulations procedures.
The good news is that all the best gold depositories I listed above fulfil these strict criteria and they are the gold standard when it comes to keeping your money safe.
Best Gold IRA Depositories (FAQ)
What is a Gold Depository?
A gold depository is a secure facility that stores gold and other precious metals. Gold depositories can store both IRA approved precious metals (IRA-eligible gold, IRA-eligible silver, IRA-eligible platinum and IRA-eligible palladium).
Some US gold depositories will even store numismatic, high-value US coins and jewelry.
What is the Largest Gold Depository in the US?
The largest gold depository in the United States is the gold vault at the Federal Reserve Bank of New York in Manhattan.
The vault contains approximately 507,000 gold bars, weighing a combined 6,331 metric tons.
Is it Possible to Visit Delaware Gold Depository?
Yes, it is possible to visit Delaware gold depository.
You need to arrange the visit at least 24h in advance because you won’t be let in if you come unannounced.
If you work with a gold IRA company you should give them a call first and they’ll arrange things with the depository for you, saving you the hassle.
For example, if you’ve opened your gold IRA account with Augusta Precious Metals you’ll be able to call them and have them arrange a visit for you with the help of your custodian.
Is it Possible to Visit Texas Bullion Depository?
Yes, it is possible to visit Texas Bullion Depository to check up on your gold and silver bullion. You need to arrange the visit at least 24h in advance because you won’t be let in if you come unannounced.
If you work with a gold IRA company you should give them a call first and they’ll arrange things with the depository for you, saving you the hassle.
I know for a fact Augusta Precious Metals offers this service to all of their customers.
Is it Possible to Visit Money Metals Idaho Gold Depository?
No, it’s not possible to visit Money Metals Idaho gold depository. Personal visits for security reasons are not disallowed, but Money Metals allow you to view your precious metals via video in real time.
As their customer you can schedule a viewing of your precious metals by video. Your sealed holding will be placed on a table, unpacked, displayed, and then resealed and be put in storage.
You can request to view your precious metals only once per year.
Best Gold IRA Depositories- Forts that Hold Your Precious Metals Explained (Conclusion)!
The best gold IRA depository is the Delaware gold and precious metal depository.
The other depositories are good options as well.
LMK which one you’ll pick in the comment section below.
Nikola Roza
Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.