IRA-Approved Gold

IRA-Approved Gold Products

To include these items in your Precious Metals IRA, you must first contact our IRA Department. Our IRA specialists are available to guide you through our selection of Gold IRA-eligible products. For more information, please visit our Precious Metals IRA page.

Precious Metals IRAs

Precious Metals IRAs are individual retirement accounts that allow investors to hold precious metals (such as gold, silver, platinum, and palladium) as investment assets within the account. Unlike traditional IRAs that primarily invest in stocks, bonds, and mutual funds, a Precious Metals IRA provides investors with a tangible asset that can serve as a hedge against inflation and a safe haven during times of economic uncertainty.

One of the primary benefits of a Precious Metals IRA is diversification. Holding precious metals in a portfolio can provide investors with a more balanced and diversified portfolio, thereby reducing the potential risk of losses. Additionally, precious metals, particularly gold, have historically performed well during times of economic crisis, giving them a reputation as a safe-haven investment.

Another benefit of a Precious Metals IRA is tax advantages. Like traditional IRAs and 401(k) plans, contributions to a Precious Metals IRA are made on a tax-deferred basis, allowing the investor to defer taxes until retirement. Withdrawals from a Precious Metals IRA are subject to income taxes, but investors can avoid penalties associated with early withdrawal by waiting until they reach the age of 59 1/2 to begin withdrawing funds.

Ultimately, a Precious Metals IRA can be an excellent addition to an investor's portfolio, particularly for those who are seeking an alternative investment or a hedge against inflation, market volatility, or geopolitical risk. However, it's worth noting that there are fees associated with setting up and maintaining a Precious Metals IRA, so it's essential to weigh the costs and benefits carefully before making any investment decisions.

Gold Products for Precious Metals IRAs

Not all gold is eligible for Precious Metals IRAs. The Internal Revenue Service (IRS) has established strict guidelines for the types of gold that can be held in a Precious Metals IRA. The guidelines require that the gold meet certain minimum purity requirements and be produced by a recognized mint or manufacturer.

For products to qualify for a Precious Metals IRA, they must meet minimum fineness requirements as set by the IRS. Gold must be at least 99.5%, or .995 fine, (the American Gold Eagle is the only exception). This requirement ensures that the gold held in the IRA is of high quality and is not mixed with other metals.

Additionally, the IRS requires the gold to be produced by a recognized mint or manufacturer. Generally, this includes government mints, such as the United States Mint or the Royal Canadian Mint, or private mints that have been certified by accredited agencies. As such, APMEX carries a wide selection of IRA-eligible gold products.

Examples of eligible gold for a Precious Metals IRA includes, but is not limited to:

• American Gold Eagles
• Canadian Gold Maple Leafs
• Austrian Gold Philharmonics
• South African Gold Krugerrands
• Australian Gold Kangaroos

For investors looking to get started with their Gold IRA affordably, it's worth noting that there are fractional gold options, such as the 1/10th oz Gold Eagle, that allow more flexibility in your portfolio.

It's important to note that some types of gold, such as collectible or numismatic coins, are not always eligible for a Precious Metals IRA. It's essential to understand the guidelines established by the IRS before investing in gold for a Precious Metals IRA.

APMEX recommends discussing the details of your personal investment strategy with your IRA Custodian or financial adviser.