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<p>[QUOTE=&quot;andrew289, post: 690689, member: 6463&quot;]There is no way to verify that you actually have the gold you claim. </p><p>That would be like the bank giving you interest on the money in your sock drawer &quot;savings account&quot;. Ain&#039;t gonna happen. </p><p>&nbsp;</p><p>There is nothing wrong with buying 5 ounces of gold (roughly $5,000 in todays dollars) every year and putting it away in your safe. </p><p>I do it ..lots of folks do it. You will still have 150 ounces of gold at the end of 30 years. In my opinion gold is to volitile a market for an IRA anyway.</p><p>&nbsp;</p><p>&quot;blindly hoping&quot; is no way to make an investment.</p><p>&nbsp;</p><p>The solution to your problem is to name your safe &quot;ira&quot;. Then your could actually, and legally, put $5,000 worth of gold &quot;into&quot; your &quot;ira&quot; every year and still maintain posession of your gold.[/QUOTE]</p><p><br /></p>

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