Gold IRA Rules A Gold IRA functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. Precious metals IRAs are usually self-directed IRAs, a type of IRA where the custodian allows more diverse investments to be held in the account. A gold IRA actually refers to an IRA held at a custodian who offers investments in precious metals, including but not limited to gold. Gold can be added to most types of IRAs, including the traditional IRA accounts and Roth accounts. However, as some IRAs were not initially designed to accommodate investing with gold, so you should meet with your IRA custodian first to see if this can be arranged. Under IRS regulations antiques, artwork, gems, stamps, alcoholic beverages and certain other tangible personal property are prohibited as IRA investments as well as collectible coins and precious metals. However, there are exceptions to US minted coins. The coins must contain one, one-half, one-quarter or one-tenth ounces of gold. One-ounce silver coins are also accepted if they were minted by the US Treasury Department. Collectible coins are not permitted. US-minted gold coins with a purity of 24 karats are also acceptable, but a special exemption was granted to the US Gold American Eagle coin, which is a 22-karat coin. Bullion that are acceptable by IRS regulations are those made of either gold, silver, platinum or palladium.
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