The Top Gold IRA-Approved Depositories

Last Updated on February 9, 2023 by George

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Inflation has the potential to devalue financial assets. Some investors are thinking about how inflation may affect their savings, equities, mutual funds, and other investments in light of recent events.

In the past, investors used precious metals like gold to fend off the effects of inflation.

Precious metals IRA investments offer investors protection from the effects of inflation and continual opportunities to increase their funds as precious metals rise. The existing precious metals IRA’s lack of diversity is not a cause for alarm.

Investing without having to sell your precious metals holdings or cash in your precious metals portfolio in almost every popular financial instrument is possible.

For your consideration, we’ve included details on the best gold IRA depositories.

Before we get started:

You know how challenging it is to choose a business you can entrust with your hard-earned savings.

We create educational and helpful content, so you have all the knowledge you need to make the best choice.

In retirement accounts for precious metals, investors keep enormous amounts of wealth.

Investors can safely keep all significant precious metals, including gold, silver, platinum, and platinum-group metals (such as rhodium and palladium), at depositories that have received approval from the federal government for gold IRAs.

If you’re worried about inflation, precious metals have historically protected your investments from being devalued due to inflation.

Why Do You Need an IRS-Approved Depository?

Depositories are approved by the Internal Revenue Service (IRS) to guarantee that precious metals are kept in safe vaults. Investors who own tangible assets, such as precious metals, should take an IRS-approved depository into account.

Investors who want to hold precious metals long-term must use a gold IRA-approved depository. These depositories must adhere to all applicable federal and state regulations.

Investors in precious metals benefit from the IRS’s strict vault standards, such as size, service area, administration, and record-keeping capabilities.

Delaware Depository Service Company

Delaware Depository Service Company provides up to $1 billion in “all-risk” insurance coverage. It is an exchanged precious metals depository certified by the IRS and regulated by the CME on both the COMEX and NYMEX commodities exchanges.

This insurance provides up to $100,000 in coverage per package for mail- or express-carrier shipments. There are both big and small clients for the firm.

Delaware Depository does, however, typically serve broker-dealer companies, IRA custodians, retailers, refiners, commodity trading companies, and coin dealers. The firm’s commercial tax advantages also help its clients.

Brinks Global Services

Some customers find Brinks appealing because of its authorized depositories in London and New York City.

It is regarded as a desirable depository resource due to the following benefits:

  • Full accountability for any kept valuables 
  • A global web gateway for inventory management 
  • Quick distribution of precious metals to additional secure storage facilities 
  • Industry-recognized weights and measurements 
  • Facility access for third-party inspection and testing 
  • Precious metals assets are prepared, stored, released, or accepted by the instructions of their account holders.


It is well known that HSBC owns precious metals, regarded as the world’s most extensive bullion clearance facility.

They remain at the top of the gold and silver trading rankings (2003 to present, Risk and Energy Magazine Annual Service of Gold and Silver dealers).

HSBC, formerly Hong Kong and Shanghai Bank, has been at the forefront of precious metals clearing and depository services for many years. They have Internal Revenue Service (IRS) approval as a gold IRA depository.

The following HSBC characteristics are also intriguing:

  • Customers worldwide receive full customer service around-the-clock. 
  • One of the sixth-largest precious metals marketplaces in the world 
  • The world’s largest precious metals custodian 
  • The giant commercial precious metals vault in the world

JP Morgan Bank

JP Morgan has succeeded in offering its clients services related to precious metals for more than 30 years. It was authorized to serve as a precious metals depository in 2011. JP Morgan Global Metals also offers its clients risk management recommendations and solutions.

International investors in gold, platinum, silver, rhodium, and palladium are drawn to the state-of-the-art precious metals vaults in London, New York, and Singapore.

Clients of JP Morgan Bank, an authorized precious metals depository, represent 10% or less of COMEX activities.

ScotiaMocatta Depository

The ScotiaMocatta Depository, a subsidiary of the well-known Scotiabank, is known as “Canada’s gold bank.” Its roots in finance and long-term investing span hundreds of years (1671).

A more modern organization, ScotiaMocatta, was formed following Scotia Capital Markets’ acquisition of Mocatta Bullion & Base (owned by Standard Chartered Bank).

As a gold IRA-approved depository, ScotiaMocatta additionally provides 24-hour coverage of the world’s financial markets, precious metals, and related services, such as international physical deliveries of stored precious metals, coins, rate agreements, certificate programs, and loans, leases, and consignments of these assets.

CNT Depository

CNT Inc. is headquartered in the Massachusetts town of Bridgewater and is a recognized COMEX depository.

It is most recognized as the American government’s most significant raw gold supplier. CNT’s 35+ year track record in vault management and services generates revenues in the billions annually.

It has direct connections to some of the biggest government mints in the world for storage and distribution. The depository of CNT is entirely covered by Lloyd’s of London, an AAA-rated insurance company.

The depository vault is a Class III institution that provides services for private vault storage. The 20,000-square-foot CNT vault offers security to the world’s most discerning precious metals clientele.

Regal Assets

Regal Assets, an alternative asset manager, provides investment advice and services for storing precious metals. They have ratings in North America for managing retirement funds and precious metals.

They are a global corporation with offices in the Dubai Multi Commodities Center (DMCC). They keep bullion for Middle Eastern and international clients, and one of the safest vaults in the entire globe is said to be theirs.

Investors in precious metals might consider Regal Assets because it is affordable. Regal Assets offers free storage for the first year and, after that, charges a flat annual price of $250 for storage. There are no withdrawal costs, and the company welcomes clients of all sizes.

The segregation of each account prevents asset pooling. Thanks to this cost platform and ratings from all three rating agencies (BB, Trustlink, and BCA), you can make Regal Assets if interested.

Precious Metals Investment and Your Retirement

Investing some of your retirement funds in precious metals may be wise if you’re worried about the current economy and its ongoing volatility.

According to Forbes Magazine, five to fifteen percent of the assets in your portfolio should be allocated to precious metals.

You can be uncertain about the stock market and, honestly, concerned about the size of the nation’s outstanding debt.

Knowing how the COVID-19 pandemic will develop in the long run and how these elements will affect the US dollar’s value are impossible to predict.

Stocks and other “paper” assets experience price fluctuations. Physical assets such as precious metals like gold, silver, platinum, and others can eventually assist you in hedging against inflation and asset volatility.

Most investors should have “hard” assets, such as precious metals, in their portfolios. One of the best methods to benefit from the anticipated long-term price growth of gold, silver, platinum, palladium, rhodium, and other metals is to use a gold IRA-approved depository.

For instance, the price of gold increased by more than 53% between 2017 and 2021 and by more than 552% during the previous 20 years.

Check out the two businesses listed below to learn more about investing in gold and other precious metals and how to pick the ideal IRA-approved depository for your needs.

These are the top businesses we have examined this year, and they offer their customers outstanding service and precious metals investing instruction.

To ensure that both current and prospective customers have access to all the information necessary to make an informed decision, Goldco Precious Metals and its account professionals frequently go above and beyond.

Customers at Augusta Precious Metals profit from low prices and know what they are getting for their money.

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