When you open up or roll over into an IRA backed by gold, you do not physically possess the metal itself. Owning a gold, even if you’ve purchased it, is a direct violation of the IRS rules, and it opens you up to taxes and penalties. Instead, when you start the account, you direct the purchase of the metals to a holding company or a custodian. Visit for More Details: http://www.goldiraguidance.com/