I have a client that is 59 ½ (almost 60). He is planning to purchase gold/silver in his IRA. He would like physical gold/silver too. Reading through some rules from various sites, it appears that you can take physical possession of the precious metals (at home or depository of your choosing) after the IRA term has expired (turned 59 ½). The big question is now that he is over 59 ½ and is planning to start the “gold IRA” now, can he take physical possession or use an IRS approved custodian who uses an IRS approved 3rd party depository? We are helping him explore his options to move some IRA assets into physical gold/silver. Any info is helpful, but this question is primary to his desire to hold on to the precious metals personally.

Thanks!