Here are the physical precious metal options allowed in an IRA. First is a bullet list and then it is expanded on a bit after.
One stand out aspect that is good to know is there are other IRA approved investments allowed in a gold IRA besides just physical precious metals.
Australian Kangaroo & Nugget
Gold American Eagle
Gold Canadian Maple Leaf
Uncirculated U.S. Buffalo Gold (No Proofs allowed)
Gold Austrian Philharmonic
Pamp Suisse and Credit Suisse Gold Bars
Canadian Maple Leaf
Isle of Man Noble
Canadian Maple Leaf
Certain bars and rounds are allowed
There are a few more aspects that distinguish what is allowed for precious metals in an IRA, but the above list covers most of the physical precious metals alllowed.
A gold individual retirement account, or a gold IRA has been a more recently sought after vehicle to secure one’s investment portfolio for the future, especially those that have a knowledge of the markets and really want to set up their own retirement accounts.
Here is what some investors that are knowledgeable about the market are saying about investing in gold:
The American dollar has been falling for quite some time now, and it’s overly inflated to where you likely want to protect yourself from the loss in value of your hard-earned dollars by replacing them with the addition of some physical gold inside your retirement account.
Gold has increased in value by over 300% in the past 10 years, and if you have some physical gold investments right now, you’re quite happy. Interestingly the gold price tends to move in the opposite direction of the value of the dollar, in similar proportion.
One of the best options available is to roll over your current 401(k) into a gold IRA account so you can finally have the control that you should have had all along and have the ability to direct your future financially with investments that you know are best for you, as this will be a self-directed IRA.
You can also either start your own IRA account, or do a transfer from IRA to IRA. You’ll also need to make sure it is a specific type of IRA that allows precious metals, as not all do.
Go here for further reading on some options to open a gold IRA account.
Now that you have fully committed to managing your gold IRA account all on your own, you need to figure out which particular precious metals you want to keep in your portfolio for stable investment opportunities.
This coin was originally minted in 1986 and the reason why the U.S. government created it was they wanted to have a coin that was capable of competing with the Canadian Maple leaf.
Some of the items that are restricted from being placed in this type of self-directed gold IRA account are as follows: rare gold coins like the Saint-Gaudens, the British Sovereign and the Swiss Franc.
You’ll also recognize that you won’t be able to place Liberty Head coins into this account either because rare coins are not allowed. You also won’t be allowed to place 50 peso Mexican gold bullion coins or the South African Krugerrands.
Some other gold IRA investment options with a self-directed IRA include gold ETFs and some other options you may not have known such as buying a house, among a vast array of typical IRA investment options, also including stocks.
Some that aren’t allowed, which there aren’t too many restrictions, are particular collectibles, and a couple other specific items, which shouldn’t worry you as they aren’t your typical investments anyways.
That being said, please do yourself a favor and research and follow all the options available to you when you look into setting up your precious metal IRA investment account.
Investing in physical gold in particular, especially for your long term investment strategy is one of the most pristine opportunities you can select for your portfolio according to many experts.