yes a direct transfer of money from a regular IRA to a "Gold" IRA presents no tax problems
please read the following thread
https://www.goldirasecure.com/buying-gold-for-ira/
Only certain recognized foreign and domestic gold coins are eligible for inclusion in an IRA. Similar limitations for foreign and domestic silver coins.
• Examples include the American Gold Eagle or Canadian Gold Maple Leaf coins.
When I take possession of the coins, I would be removing money from my IRA, and have to pay taxes. Correct ?
Yes
you may find this case interesting taxpayers took possession
https://www.thetaxadviser.com/issues/2022/feb/taking-possession-coins-irs-taxable-distribution.html .
