No, you can select any depository, but there are depositories that Digital Trust currently holds metals with.
FAQ Category: Precious Metals
What is the difference between segregated storage and non-segregated (commingled) storage for Precious Metals?
Segregated storage is when you choose to store your Precious Metals in a separate vault at the depository storing your metals. There are typically higher fees associated with this storage option. Non-segregated (commingled) storage is when you choose to store your metals in a vault that also holds metals for other customers. Commingled vaults have sub-accounting in place for each customer to ensure appropriate accounting.
Can I contribute Precious Metals I already own to my qualified account?
No. You can only contribute cash to your qualified account with annual contributions or through rollovers or transfers from other qualified accounts.