Precious Metals IRA–Approved Coins
Why stock up on gold and silver?
In these volatile times, more and more Americans are recognizing the golden opportunities of IRA precious metals investments. Gold and silver, like other physical precious metals, is always in high demand, and, as history teaches us, they are the ideal currency hedge. Since the creation of the Federal Reserve, the value of the US dollar has decreased by 95% while the price and demand for gold and silver has soared.
This isn’t the only reason, though. Adding precious metals to your IRA is the best way to diversify your portfolio and make sure your hard-earned money will retain or increase its value. When investing in precious metals, one of the important steps to take is to educate yourself about the difference between commemorative coins and IRA-eligible coins.
Which Precious Metals IRA-approved coins should I invest in?
The American Gold and Silver Eagle coins used to be the preferred IRA-eligible coins. But, since the Taxpayer Relief Act of 1997, the range has expanded. Today, gold coins are eligible for investment as long as they’re .995 (99.5%) pure and an accepted government legal tender, while silver coins must be .999 (99.9%) fine.
In addition to meeting this high standard of fineness, the following is important:
- Your contributions fall within IRA limits.
- You don’t add any gold already in your possession to your Gold IRA.
Call one of our team members today at 888-567-6689 to find out more about the guidelines for transfers, rollovers and retirement account contributions.