In a conventional IRA, many assets are allowed to be held, these include stocks, bonds, mutual funds, annuities, money market accounts, and even real estate. Prior to 1997 precious metal bullion and coins were not permitted, however with the signing of the Tax Payer Relief Act of 1997 the door was opened for individual investors to be able to invest in IRS approved precious metal bullion, coins and bars into an IRA account (Gold IRA) to allow diversification of the account holder’s retirement portfolio.

With Tax Payer Relief Act of 1997, the IRS rules for a Gold IRA were set. The IRS approved that only a select few precious metals and forms of bullion could be invested into a precious metal IRA. The four approved precious metals are gold, silver, platinum, and palladium and have to be in the form of bullion, coins, bars, and rounds. In addition, the IRS issued requirements of fineness of the precious metal products. For your consideration, we have provided a list of IRS approved precious metal bullion, coins, and bars below.

As it pertains to physical storage of your precious metals for your Gold IRA, the precious metal products must be in the possession of an IRS approved custodian or trustee, not the IRA owner.

In regards to receiving distribution, the laws for taking distributions from a Gold IRA are the same as those for a regular IRA. You may liquidate your IRA metals for cash or take physical possession of them, however, either is considered an IRA distribution and will be taxed accordingly.

IRS Approved Gold Products
• American Gold Eagle bullion coins
• American Gold Eagle proof coins
• Canadian Gold Maple Leaf coins
• Austrian Gold Philharmonic coins
• Australian Kangaroo/Nugget coins
• Chinese Gold Panda coins
• American Gold Buffalo uncirculated coins (proofs not allowed)
• Gold bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, meeting minimum IRS fineness requirements
• For other IRA eligible gold products please call 800-341-8584 to speak to an IRA specialist

IRS Approved Silver Products
• American Silver Eagle bullion coins
• American Silver Eagle proof coins
• Canadian Silver Maple Leaf coins
• Austrian Silver Philharmonic coins
• Australian Silver Kookaburra coins
• Chinese Silver Panda coins
• Mexican Libertad coins
• Silver bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, meeting minimum IRS fineness requirements
• For other IRA eligible silver products please call 800-341-8584 to speak to an IRA specialist

IRS Approved Platinum Products
• American Platinum Eagle coins
• American Platinum Eagle proof coins
• Canadian Platinum Maple Leaf coins
• Isle of Man Noble coins
• Australian Platinum Koala coins
• Australian Platinum Emperor Penguin coins
• Platinum bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, meeting minimum IRS fineness requirements

IRS Approved Palladium Products
• Canadian Palladium Maple Leaf coins
• Palladium bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, meeting minimum fineness requirements
• For other IRA eligible products please call 800-341-8584 to speak to an IRA specialist

Here at Advantage Gold, one the top Gold IRA companies in the industry, we believe that having a self-directed IRA backed by IRS approved gold coins, bullion and bars, and other approved precious metal products is a sound diversification of anyone’s retirement portfolio and a major reason someone should consider investing in gold as part of their retirement planning.

For more information about the IRS rules for your Gold IRA, why you should consider investing in gold into your retirement portfolio or to discuss opening a Self-Directed Gold IRA today, please feel free to contact us or call us today at 800-341-8584 and speak to one of our IRA specialists.