Using your self-directed IRA to invest in gold wasn’t always an option for investors. It was in 1997 that the Taxpayer Relief Act passed and expanded to include the option of precious metals investing with an IRA.
The important thing to remember is that not all precious metal is accepted within a self-directed IRA, there are purity levels that all metals have to meet to be a qualified and approved in a silver IRA, or gold IRA.
Minimum fineness required for a gold and silver IRA:
- Gold 99.5%
- Silver 99.9%
- Platinum 99.95%
- Palladium 99.95%
When considering coins, Keep in mind.
Only gold coins that are legal tender with 0.9999 fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness.