Gold confiscation is what every gold IRA investor is afraid of. Since one cannot store their IRA metals at home due to IRS regulations, investors are wondering: where should I store my Gold IRA coins and bars to mitigate any risk of loss, theft, and confiscation? 

Many gold CEOs are pushing offshore storage in places like the Cayman Islands or Singapore. Others are still recommending “popular” storage vaults in Delaware and California. Collin Plume, CEO of Noble Gold Investments, is bullish on Texas. 
 

“Texas fights for its state rights fiercely. Initially, Texas did not fall under the jurisdiction of U.S. laws. The state independently established its own legal system, and many of those laws continue to be active today. It’s a gold-friendly state, and its legislators love gold. These are some of the reasons why I recommend that our clients store their gold and silver IRA metals in Texas” said Mr Plume when we interviewed him on the topic. 

Noble Gold has revolutionized the landscape in recent years by offering exclusive gold IRA storage in Texas, setting a new industry benchmark. 

Texas, renowned for its oil and love of commodities, has shaped its economy around this black gold since the start of the century. Many individuals have built substantial fortunes from the rich oil reservoirs found on their properties.

Texan oil tycoons traditionally have had a big appetite for gold, silver, and other precious metals and used these metals as a hedge against the dollar and oil price fluctuations. However, secure storage has perennially been a hurdle in the lone star state.

Fulfilling a Longstanding Need: The Genesis of a Texan Gold Depository

Interestingly, Texas has long lacked its own gold depository, despite the evident demand. This deficiency has been recognized for years. Although various solutions have been proposed over time, none have materialized.

The most recent initiative, passed by Governor Greg Abbott in 2015, is the Texas bullion depository bill, HB 483. This bill outlines a framework for creating and managing a state bullion depository. It details its functions, from facilitating the trade of precious metals to their storage and transfer by state agencies or their approved affiliates.

A Tale of Three Companies and a Repository

As a state-initiated project, the three companies lobbying for the opportunity each offer different operational models. The discussions between the bidders and the state are anticipated to span several years. Public sentiment regarding the allocation of state funds for such a project is split, with many advocating for spending that benefits a wider range of interests.

Breaking Free from New York's Stranglehold

Simultaneously, investors have been on the hunt for alternatives to New York's dominant facilities for their gold IRA transactions. Now, even when a company claims to have storage locations in other states like California or Utah, there is almost always a link to New York when you follow the money trail. 

In light of this, investors interested in keeping their gold as far away from the hands of Wall Street as possible have sought a dedicated repository in safer jurisdictions like Texas. 

Noble Gold Partners with IDS: A New Dawn for Gold IRA Storage

In this context, Noble Gold is thrilled to partner with IDS (International Depository Services) in Dallas, enabling the provision of the first - and currently only - private, secure gold depository facility in the South for your precious metal IRA storage needs.

This shifts the balance, breaking Delaware and New York's monopoly on your gold IRA precious metals storage. Your IRA gold and silver can now be securely stored without ever leaving the Republic.

Why Texas Stands Out for Precious Metals Storage

As we said earlier, Texas is widely recognized for vehemently upholding its state rights. Historically, the "six flags state" operated independently from U.S. laws, creating its own regulations, many of which are still in effect today. 

This independent spirit, coupled with its love for gold and its reputation for doing things thoroughly, makes Texas the perfect location for a depository.

Unlike other popular states like California or Delaware, Texas offers a unique blend of economic stability, robust regulations, and a deeply rooted culture of property rights. These characteristics provide an exceptional environment for storing precious metals, arguably unparalleled by other states.

An Unparalleled Level of Security with IDS

The new IDS precious metals facility, reflecting the Texan thoroughness, is among the most secure sites in the U.S. As a leading firm in secured depositories, the level of protection offered by IDS in Dallas is unmatched.

“I have audited the vault myself, and I can say with confidence that it’s one of the most secure and state-of-the-art gold vaults I’ve seen so far.” says Mr Plume. 

A Commitment to Client Privacy and Enhanced Services

At Noble Gold, we prioritize your privacy. From the moment you contact us about depository services, each transaction remains private and confidential, thereby ensuring the anonymity of your holdings.

In our ongoing pursuit of service excellence, we've introduced a "POP" (proof of purchase) service. 

Request your free gold IRA guide

Want to learn more about how to invest in gold and silver IRAs the right way? I invite you to request the free gold IRA guide from Noble Gold, which outlines everything you need to know about gold investing, the fees involved, storage options and hurdles to avoid. 

In this complimentary Gold and Silver Investment Guide, you'll gain insights on:
 

• Understanding what a Gold and Silver IRA entails
• Methods to own gold and other precious metals physically
• The benefits of a Gold and Silver IRA
• Strategies to invest in gold using your 401K or IRA, and more

Click here to request your free gold investor’s kit