Does the IRS or government know I have a precious metals IRA?

It's true that metals IRAs offer a level of privacy and control that appeals to many investors. Since the IRS only requires reporting on the overall value of your IRA rather than the specific assets within it, it helps maintain a degree of confidentiality about your investments. However, it's still crucial to follow all regulatory guidelines and work with a reputable custodian to ensure compliance and safeguard your assets.