Investing in gold is not a new concept. Gold is a time tested store of wealth that has been used as a form of currency for thousands of years. The passage of the Employment Retirement Income Security Act (ERISA) in 1975 led to the formation of the Self-Directed Individual Retirement Account (Self Directed IRA). Self Directed IRAs allow individuals to roll over a portion of their retirement accounts into certain types gold and other precious metals (silver, platinum, palladium), as well as other alternative investments. Precious metals appeal to investors due to their time-tested stability. Over time, the value of precious metals rises with inflation so many consider them to be a hedge against a weakening dollar. In addition, gold is a popular investment when market volatility is high, measured by the VIX index.

Reasons to Stock Up On IRA Approved Gold

People everywhere are turning to physical gold investments as a way to protect themselves from stock market crashes and economic instability. Gold is always in demand, no matter what its current value. When the value of the dollar falls and consumer confidence is at a low, demand for gold increases; gold is a currency hedge and it can be used as a method of portfolio diversification and has a history of maintaining its value.

What Gold IRA Coins Can I Invest In?

While commemorative coins will appeal to some collectors, they are not eligible to be placed in IRAs. The gold you place in your IRA needs to meet certain quality guidelines. Gold that you already hold in your possession is also not eligible to be added to your IRA. Our Goldco gold IRA does not allow investments in Gold ETFs or similar types of paper backed investments. Gold ETFs appeal to some investors due to their convenience and ease of trading, but there are many drawbacks. First of all, when you invest in Gold ETFs, you do not own any gold at all! You own shares in an investment firm that holds gold. While this may be convenient, you are dealing with a middle man and at the end of the day, this is a paper backed investment rather than a hard asset. If you’re buying gold as a hedge against a market collapse, an ETF is part of the market itself and holds the same risks as other paper backed assets.

In order to qualify for your IRA,

The gold must have a fineness of .999, or 99.9% purity

Your gold must be held by your custodian in a secure depository. We do not recommend home storage due to IRS regulations. Some companies will advertise the ability to store your Gold IRA at home but this is highly risky and could lead to the IRS knocking on your door. We do offer the ability to purchase gold coins for your home collection, but these don’t count towards your IRA.

IRA Contribution Limits apply

If you already own gold in your possession, you cannot add that gold to your IRA but you are more than welcome to open a gold IRA and purchase new gold to add.

Your Goldco precious metal expert can mail you a free guide with detailed photographs and descriptions of the IRA eligible coins that we offer. Just fill out the request a free guide form on the right-hand side of the page and we will be in contact with you.

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