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Rules and Regulations that Govern Precious Metal IRAs

This probably ranks as the most significant hindrance for many who plan to invest in gold and other precious metals. Gold IRAs are closely regulated and governed and following all the conditions is crucial making sure that you don’t come across unexpected situations like tax fines.

 

 


 

Many of these rules and laws are also meant to make certain that the precious metals you obtain are of a high quality and thus can be financially-rewarding always.

The specifics of the rules can be seen here or you can contact a gold IRA specialist directly for personal advise. Nevertheless here are part of the most essential conditions that you should be aware of.

 

  • The gold you purchase should be .9950 or 24 karats pure.
  • Fabrication of the gold should be handled by ISO 9000 approved refiners like COMEX and NYMEX.
  • Any coin you might buy should come with a certificate of authenticity and should be in its initial packaging.
  • Prior to add bullion to your Gold IRA, confirm that it wasn't in circulation, and it should be in superb condition.

 

Listed below are coins that are highly popular as parts of Gold IRAs

 

•          American Gold Eagle

•          American Gold Buffalo

•          Chinese Gold Panda

•          Canadian Gold Maple Leaf

•          Australian Kangaroo

•          Australian Nugget

•          Austrian Gold Philharmonic

 

While a section of these coins can appear in an array of sizes, the IRS only allows one ounce, one half, one quarter, and one-tenth ounce coins to be included in a Gold IRA.

 

To take no chances, the growth of your precious metals portfolio should consider the purity stipulations of the other metals as shown below

 

•          Silver - .999

•          Palladium - .9995

•          Platinum - .9995

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