Precious Metals That Can Be Stored in a Gold IRA
A Gold IRA (Individual Retirement Account) allows you to store precious metals as part of your retirement savings. The following precious metals are eligible to be included in a Gold IRA:
- Gold – Most common in a Gold IRA. It must meet a purity standard of at least 99.5% pure.
- Silver – Eligible for inclusion with a minimum purity of 99.9%.
- Platinum – Can be included if it meets a minimum purity of 99.95%.
- Palladium – Can be included if it has a minimum purity of 99.95%.
For all these metals, they must meet IRS standards for weight and purity, and must be in the form of approved coins or bars. Most individuals choose bullion coins, bars, or government-issued coins.
The precious metals must be held by a qualified custodian or trustee and stored in an IRS-approved depository to ensure compliance with the necessary regulations.
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