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Choose a depository: Some custodians solely work with specific depositories, but others may provide a choice of where to store your gold. Tax benefits: As mentioned earlier, investing in a Gold IRA can provide tax benefits, making it a wise selection for retirement financial savings. With their potential to hedge in opposition to market volatility, protect in opposition to inflation, and provide tax advantages, Gold IRAs have gotten an increasingly standard selection for buyers trying to unlock the complete potential of their retirement savings. For many retireme