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Decyphering IRA-Approved Gold

Steve Martin • October 17, 2023

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Navigating the Golden Pathway

Investing in gold and silver through an Investment Retirement Account (IRA) can be a smart way to prepare for retirement. Let's break down what IRA-approved gold and silver are, and why they might be a good choice for diversifying your portfolio.

a vault filled with lots of gold and silver coins .

Highlights

Diversifying Portfolio

Investing in gold and silver can diversify your portfolio.


Asset Protection

Precious metals are a safe haven against market volatility.


Tax Advantages

Enjoy tax benefits by adhering to IRA rules and regulations.

A Snapshot of IRA-Approved Gold & Silver Products


When it comes to retirement savings, most people think about traditional IRAs that hold stocks and bonds. But there's another option: Gold-backed IRAs. These allow you to invest in gold coins and bullion, which can be a safe way to save for the future.


What is IRA-approved gold?


IRA-approved gold is a special type of gold investment that's allowed in a Self-Directed IRA. This kind of IRA lets you invest in a wider range of assets. With a rollover process, you can move funds from a traditional IRA to a Self-Directed IRA, and start investing in gold.


IRA-Eligible Gold


Not all gold is eligible for an IRA. The gold must be 99.5% pure and usually comes in the form of bullion coins and bars. Your IRA custodian will help make sure your gold meets the required standards.

IRA-Eligible Gold Coins

  • 1 oz American Gold Eagle Coins
  • ½ oz American Gold Eagle Coins
  • ¼ oz American Gold Eagle Coins
  • 1/10 oz American Gold Eagle Coins
  • 1 oz American Gold Buffalo Coins
  • 1 oz Australian Gold Kangaroo Coins
  • 1 oz Austrian Gold Philharmonic Coins
  • 1 oz Canadian Gold Maple Leaf Coins

IRA-Eligible Gold Bars

  • 1 oz Royal Canadian Mint Gold Bars
  • 1 oz UBS Gold Bars
  • 50 gram Valcambi Gold CombiBars
  • 1 oz Valcambi Gold Bars
  • 1 oz Sunshine Mint Gold Bars
  • 1 oz Credit Suisse Gold Bars
  • 10 oz Credit Suisse Gold Bars
  • 1 oz Johnson Matthey Gold Bars

What is IRA-approved silver?


Like gold, IRA-approved silver is a type of silver that's allowed in a Self-Directed IRA. It's another way to diversify your portfolio and protect your retirement savings from inflation.


IRA-Eligible Silver


The rules for IRA-eligible silver are similar to gold. The silver needs to meet purity standards and is typically held in secure vault storage by your IRA custodian.


What's not IRA-approved?


Not all precious metals are approved for an IRA. Those that don't meet the purity standards or aren't stored correctly won't qualify. It's important to follow the rules to enjoy the tax advantages of a precious metals IRA.


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FAQ's

  • What types of gold and silver are allowed in a Self-Directed IRA?

    Generally, gold and silver bullion coins and bars that meet the purity standards set by the IRA are allowed.

  • How can I start investing in IRA-approved gold and silver?

    A: You would typically start by setting up a Self-Directed IRA through a reputable IRA custodian, then roll over funds from an existing account, and purchase your desired gold and silver products.

  • What are the benefits of investing in IRA-approved gold and silver?

    The benefits include diversifying your portfolio, protecting your assets against market volatility, and enjoying potential tax advantages.

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