Gold IRA (and Other Precious Metals IRA) Blog: How to Invest Your IRA in Gold and Precious Metals

Friday, June 28, 2013

How to Invest Your IRA in Gold and Precious Metals

A lot of people are surprised when they learn that IRA rules allow them to hold real gold bullion, gold coins and other similar forms of precious metals within their retirement accounts. But IRA rules give investors a lot of leeway as to what they can hold in their accounts. IRAs are not restricted to stocks, mutual funds, bonds, certificates of deposit, annuities and other conventional financial products.

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With a self-directed IRA account, you can hold precious metals including gold, silver, platinum and other precious metals. Here are some basic requirements:

Allowable Investments

There are four precious metals in which your IRA can invest: gold, silver, platinum and palladium. There are, however, some restrictions when investing in these metals.

Minimum Fineness Required:

Gold .995+

Silver .999+

Platinum .9995+

Palladium .9995+

Allowable coins include U.S.-Minted Eagles and coins meeting minimum fineness (purity) standards, provided that they are not collectible. The primary value of the coin should come from the gold itself, and not thanks to the scarcity of and demand for the minted coin among coin collectors.

Examples of coins you can own:

Gold

American Eagle coins (proof and non-proof)

American Gold Buffalo coins (non-proof)

Austrian Gold Philharmonics coins

Canadian Maple Leaf coins

Australian Kangaroo/Nugget coins

Bars and rounds by a refiner/assayer/manufacturer accredited by NYMEX/COMEX, NYSE/Liffe, LME, LBMA, ISO 9000, or national government mint and meeting minimum fineness requirements.

Silver

American Eagle Coins (proof and non-proof)

Austrian Philharmonic

Mexican Libtertads

Australian Kookaburras

Canadian Silver Maple Leaf Coins

Platinum

American Eagle Coins (proof and non-proof)

Australian Koalas

Isle of Man Noble Coins

Palladium

Bars and rounds by a refiner/assayer/manufacturer accredited by NYMEX/COMEX, NYSE/Liffe, LME, LBMA, ISO 9000, or national government mint and meeting minimum fineness requirements.

Disallowed Coins:

There are, however, some coins you cannot own within your IRA, because they are not minted with sufficient purity. Some common examples:

Austrian Corona and Ducat
Belgian Franc
British Sovereign & Britannia
German Mark

Columbian Peso
Dutch Guilder
French Franc
Swiss Franc

Italian Lira
Mexican Peso and Ounza
South African Krugerrand

Owning Precious Metals in your IRA/401K

Learn how you can secure your retirement plan wealth by diversifying with precious metals. Will your retirement funds be safeguarded from inflation? Financial professionals across the globe all agree that asset diversification is the key to success. To reduce the risks of investing, many professionals suggest the purchase of precious metals to diversify investments among different securities or asset classes. This short presentation will discuss IRS rules, eligible metals and coins, as well as logistics and depositories.

Tips For Addressing Your Investment Fears

Any investment you make carries a certain degree of risk. Savvy investors know that putting in the time to properly evaluate a potential investment can help you understand what to look out for and how to minimize that risk. Perhaps you are just entering the world of self directed IRA investing, or maybe you are a seasoned veteran looking for new ways to analyze an investment. This is a presentation that investors of any level will appreciate as we explore some of the techniques used to manage and mitigate risk.

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