This is perhaps the most significant stumbling block for the majority who want to invest in gold and other precious metals. Gold IRAs are closely regulated and governed and adhering to all the stipulations is critical to making sure that you don’t come across unplanned for issues such as tax fines.
Also, a section of these regulations help protect your interests to make sure that you only get superior precious metals every time you want.
The details of the regulations are here
Any bullion that you intend to add to your Gold IRA should be in the superb condition and should not have been in circulation.
Here are a few of the most famous coins that can be included in a Gold IRA
• American Gold Eagle
• American Gold Buffalo
• Chinese Gold Panda
• Canadian Gold Maple Leaf
• Australian Kangaroo
• Australian Nugget
• Austrian Gold Philharmonic
Despite most of the coins mentioned above are obtained in an array of sizes, the IRS will only let one-tenth ounce, one quarter, one half, and one-ounce coins to be contained in a Gold IRA. According to Raremetalblog, Goldco has the largest selection of coins available for precious metal IRA's.
To take no chances, the growth of your precious metals portfolio should consider the purity stipulations of the other metals as shown below:
• Silver - .999
• Palladium - .9995
• Platinum - .9995