When people find out their IRA lets them own gold bullion, coins and other precious metals in their retirement account, it comes as a surprise. An IRA allows for plenty of legroom for investors so they can hold more than they thought. Why stick with only mutual funds, bonds, annuities, stocks or other products when your IRA lets you own practically anything in your retirement account, even silver, gold and platinum? A precious metals IRA can be of significant value for years to come.
The allowable options your IRA can invest in are as follows.
Gold.995+
Of the gold coins you can own, there’s the American Eagle coins, Austrian Gold Philharmonic coins, Canadian Maple Leaf, American Gold Buffalo, Australian Kangaroo and Nugget coins, as well as bars by a manufacturer, assayer or refiner with the proper accredidation.
Silver.999+
Of silver coins, you can own American Eagle Coins, Mexican Libertads, Australian Kookaburras and Canadian Silver Maple Leaf Coins in your precious metals IRA.
Platinum.9995+
Of platinum, you may hold Australian Koalas, American Eagle Coins and Isle of Man Noble Coins.
Palladium.9995+
Finally, palladium options include bars by an assayer, refiner or manufacturer with proper accreditation by NYSE/Liffe, LME, ISO 9000, NYMEX/COMEX or an approved national government mint.
Some coins won’t be accepted as precious metals IRAs simply because they don’t have the purity value, such as the Austrian Corona and Ducat, German Mark, Dutch Guilder, Swiss Franc, French Franc, Columbian Peso, British Sovereign and Britannia and more.
Ask an expert administrator who knows how to handle these accounts. Stay on top of the value with your self-directed IRA provider, who will send you the updated value of your investments at regular intervals. The price spreads are often higher with proof coins than with precious metal bullion so keep that in mind for your precious metals IRA. You are the one who must fully research your investment, so make sure you know before investing.
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