Wednesday, 09 July 2014

Gold Steady on Demand for Bullion

Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher.

Published in Gold Investing

Precious metal IRAs have become increasingly popular over the last few years. With the way the economy is right now more and more people are choosing to go this route. With that beings said, there is still some confusion regarding what types of precious metal bars and coins are actually allowed as part if a precious metals IRA.

Precious metal IRAs are indeed a smart way to go, but not all types of precious metals are allowed as an IRA investment. To help clear any confusion up, here is a quick rundown of all the bars and coins that the U.S. Government currently allows to be held in a precious metal IRA.

Positive-Pullback

Gold

  • American Eagle gold coins
  • Australian Kangaroo/Nugget gold coins
  • Austrian Philharmonic gold coins
  • Canadian Maple Leaf gold coins
  • Credit Suisse gold – PAMP Suisse gold Bars .999
  • U.S. Buffalo Gold Uncirculated coins (No Proofs)

Silver

  • American Eagle coins
  • Australian Kookaburra coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins
  • Mexican Libertad coins

Platinum

  • American Eagle coins
  • Australian Koala coins
  • Canadian Maple Leaf coins
  • Isle of Man Noble coins

Palladium

  • Referenced below


As you can see, there are a number of selections available to be made. However, keep in mind that with these selections there are also certain standard stipulations. They are as follows:

Coins, including the American Eagle, that have undergone “certification” (also known as “slabbed” coins) are not acceptable in retirement plans at this time

Bars and rounds produced by manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national mint. The minimum fineness’s for bars are:

  • Gold .995+
  • Silver. 999+
  • Platinum .9995+
  • Palladium .9995+

Work around these certain stipulations and you can still definitely build a stunning IRA through precious metal investment.

As stated above, a precious metal IRA is actually one of the better ways to build your retirement, especially in the economy we currently live in. With all the uncertainty of the world’s markets, gold, silver, platinum and palladium still have a tendency to remain strong.

A precious metal IRA will not only help you build retirement wealth, but it will also strengthen the rest of your portfolio and guard your money against other poor investments, as well as a poor performing market.

Take a few minutes to think about starting a precious metal IRA today.

Published in IRA & 401k