How is my metal stored and secured with my IRA?

When you purchase precious metals through a SoundMoney IRA, your metals are held at a professional, IRS-approved depository — not at SoundMoney, not with your custodian, and not at your home. Here's how it works:

The Depository

SoundMoney's preferred depository is Money Metals Depository in Eagle, Idaho — right here in the Treasure Valley. It is a state-of-the-art, fully insured facility that operates completely outside the traditional banking and financial system, meaning your metals are not subject to the risks associated with banks or brokerage firms. We work with other approved depositories as well — contact us for a complete list.

How Your Metals Get There

Once you purchase metals, SoundMoney coordinates directly with your custodian (New Direction Trust Company) to arrange secure, insured shipping to the depository. Importantly, there is zero cost to you for shipping and insurance to get your metals to the depository.

Insurance & Security

Your metals are fully insured while in storage. The depository uses physical security measures consistent with Fort Knox-level standards — think reinforced vaults, 24/7 monitoring, and rigorous access controls.

Segregated vs. Non-Segregated Storage

Most depositories offer two storage options:

• Segregated storage — your metals are stored separately, identified specifically as yours
• Non-segregated (commingled) storage — your metals are stored alongside others' holdings of the same type and purity

Segregated storage typically carries a slightly higher fee but gives you the assurance that the exact metals you purchased are the ones you'll receive back.

Your Custodian's Role

New Direction Trust Company (NDTCO) holds your metals on your behalf within the depository and maintains accurate account records. They provide documentation for tax purposes and ensure your holdings are properly tracked.

The IRS Requirement

IRS rules require precious metals in an IRA to be stored at an approved depository. You cannot store IRA metals at home, in a personal safe, or in a bank safety deposit box — doing so would be treated as a taxable distribution and could trigger penalties.

Updated on: 09/04/2026