For all IRAs except Roth IRAs, you’re required to take a portion of the IRA out each year once you reach age 70 and ½. At that point, you’ll have to pay taxes on that amount. With a gold IRA, you can take these mandatory payments in the form of the gold itself or in the form of cash after the trustee sells a portion of the gold for you. Selling gold can result in a gain, loss, or breaking even depending on the current market. Rules regarding taxes and mandatory distributions can be quite complex, so it’s a good idea to review relevant publications from the IRS along with your CPA or another tax expert to make sure you’re working within the law.