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.
With a self-directed IRA account, you can hold precious metals including gold, silver, platinum and other precious metals. Here are some basic requirements:
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 Requirements
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.
There are, however, some coins you cannot own within your IRA, because they are not minted with sufficient purity. Some common examples: