— A Resource —

Gold & Your Retirement

A patient guide for the long-horizon investor. How Gold IRAs actually work, the language that gets misused, and the questions worth asking before any rollover.

— or download this as a 22-page PDF if you prefer to read it offline.

A note before you read. Ariyor S.A. is a Luxembourg-based custody concept and is not a US-licensed IRA custodian, broker-dealer, or tax advisor. Nothing on this page is investment, tax, or legal advice. The information here is educational. Specific decisions about your retirement accounts should be made with a licensed US custodian and your own tax counsel.

Why we wrote this page

Each year we receive letters from American readers asking the same kinds of questions. Can I move my IRA into gold? Is it really tax-free? What's the catch? These questions are reasonable. The answers, unfortunately, are often presented in marketing language that obscures more than it reveals. We have written this page to give straight answers, in the same voice we would use with our private clients — without hype, without urgency, and without selling anything.

If, after reading, you decide to explore a Gold IRA further, we will point you toward licensed US providers in the closing section. We do not handle US retirement accounts ourselves. Our work is with non-US private clients in Luxembourg.

Tax-deferred, not tax-free

This is the single most important distinction, and the one most often blurred in advertising. A rollover from a traditional IRA into a Gold IRA is tax-deferred, not tax-free. The two phrases sound similar; they describe very different things.

Tax-deferred

Money was never taxed on the way in — you took a deduction when you contributed. When you eventually withdraw it in retirement, it is taxed as ordinary income at whatever your bracket is at that time. Moving the money between qualified accounts (including into a Gold IRA) is not a taxable event — but the eventual tax bill has been postponed, not eliminated.

Tax-free

This describes a Roth IRA. Tax was paid upfront on the contribution, so qualified withdrawals after age 59½ come out genuinely tax-free. Roth accounts have annual contribution limits ($7,000 in 2026, $8,000 if you are 50 or older) and income-based phase-outs that exclude many high earners.

If anyone tells you a traditional-to-Gold IRA rollover is “tax-free,” they are either being careless with language or selling something. The proper phrase is tax-deferred. The taxes are not gone; they are waiting for you at distribution.

How Gold IRAs actually work

A Gold IRA is a self-directed IRA that holds physical precious metals instead of (or alongside) stocks and bonds. The mechanics are not as exotic as they sound. They are subject to a specific section of the US tax code — IRC §408(m) — which dictates exactly which forms of gold qualify and how they must be held.

The four parties involved

  1. The custodian — an IRS-approved trust company that administers the IRA. The custodian is the legal owner of the assets on your behalf and handles all reporting to the IRS. Examples: Equity Trust, STRATA Trust, Kingdom Trust. You cannot be your own custodian.
  2. The depository — an IRS-approved facility where the physical metal is stored. The metal cannot be kept at your home, in your safe deposit box, or anywhere of your choosing. It must be held by an approved depository. Examples: Delaware Depository, Brink's Global Services, IDS.
  3. The dealer — the firm that sources the actual gold and arranges the transaction. This is typically the company you see advertising. The dealer is who makes the sales pitch; the custodian and depository do the actual work.
  4. You, the account holder — you direct the strategy and make the decisions, but you do not handle the metal personally. The custodian and depository do.

What gold qualifies

Not just any gold can go into a Gold IRA. The IRS requires specific purity standards and approved forms. The most common eligible items are:

Collectibles, rare coins, jewelry, and certain numismatic items do not qualify for a Gold IRA. Be cautious of dealers who try to upsell you into “rare” or “premium” coins for an IRA — this is one of the most common abuses in the industry, where buyers pay 30–50% over spot price for coins that offer no real advantage.

The 60-day rule, and why we recommend trustee-to-trustee transfers

There are two ways to move money into a Gold IRA from an existing retirement account, and the difference matters more than most people realize.

Trustee-to-trustee transfer recommended

The funds move directly from one custodian to another. You never touch the money personally. There is no taxable event, no 60-day clock, no withholding. This is the cleanest method and the one we would recommend to anyone considering a rollover.

Indirect rollover

The current custodian sends the funds to you, and you have 60 days to deposit them into the new account. If you miss the 60-day deadline, the entire amount becomes a taxable distribution — potentially with a 10% early withdrawal penalty if you are under 59½. Even if you make the deadline, your old custodian may withhold 20% for taxes that you have to make up from other funds. Avoid this method unless you have a specific reason to use it.

The questions worth asking before any rollover

If you are evaluating a Gold IRA provider — whether one we suggest below or any other — these are the questions that, in our experience, separate serious operators from those who are unfamiliar with what serious custody requires.

  1. Who is your IRS-approved custodian, and how long has that custodian been operating?
  2. Which depository will my metal be stored in, and is it segregated (allocated) or commingled?
  3. What is the all-in annual cost — setup fee, custodian fee, storage fee, and any percentage-of-assets fees combined?
  4. What is the markup on the gold itself above the spot price? This is where most of the real cost lives. Reasonable dealers charge 3–8% over spot for IRA-eligible bullion. Be very wary of dealers who push 20%+ markups or steer you toward "premium" coins.
  5. What is the buyback policy if I want to liquidate? Is there a spread, and what is it?
  6. Can I see the full fee schedule and account agreement before I commit?
  7. Are you registered with the appropriate state regulators? (Most states require precious metals dealers to register; you can verify this with the state attorney general's office.)

If a salesperson cannot or will not answer these questions clearly, that is itself the answer. Take it as a signal to look elsewhere.

When a Gold IRA might make sense — and when it might not

Cases where it can be appropriate

Cases where it probably does not

How Ariyor differs from a Gold IRA

For clarity: what we do is not a Gold IRA. Ariyor is a Luxembourg-based private custody service for non-US clients with non-retirement assets. The structural differences are worth understanding even if you never become an Ariyor client — they help illustrate what to look for in any custody arrangement.

FeatureGold IRA (US)Ariyor (Luxembourg)
Tax treatmentTax-deferred (or Roth: tax-free)Subject to your home jurisdiction's tax rules
Available to US personsYesNo
Storage locationUS-based IRS-approved depositoryLuxembourg-based private vault
Custodian regulationIRS / state trust companyCSSF (Luxembourg)
Eligible metalsIRC §408(m) approved onlyAny LBMA-good-delivery bullion
Withdrawal restrictionsPenalties before 59½None (tax in your jurisdiction)

Where to learn more

If you want to investigate a Gold IRA further, we recommend the following starting points. None of these are affiliated with Ariyor; we receive no compensation for mentioning them.

Stay on our private dispatch

If you found this useful, we publish a short letter every six to eight weeks on questions of long-horizon wealth, custody, and the slow craft of preservation. No more than six dispatches per year. No advertising. No urgency.

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Final note. This page is informational. It is not investment, tax, or legal advice. Gold can lose value. Past performance does not predict future returns. Any decision about your retirement accounts should be made with a licensed financial advisor, a CPA, and a tax attorney appropriate to your jurisdiction. Ariyor S.A. does not offer Gold IRA services and cannot execute rollovers for US persons.