A self-directed IRA can buy precious metals as long as the purchased assets meet the IRS requirements. Collectibles are prohibited in IRAs, and some coins are considered as such. Allowable precious metals add diversity to retirement portfolios while hedging against market cycles and inflation.

Most financial professionals across the globe agree that asset diversification can be a key to success. As a premier self-directed plan administrator, Midland IRA is equipped to handle all the unique requirements involved with holding precious metals in your retirement plan. We arrange for storage in a depository, facilitate valuations for IRS reporting, and provide account administration.

In order to maintain a tax-advantaged status, it is important for investors to understand the benefits of investing in precious metals, the rules and guidelines, and the type of precious metals that qualify.

The Benefits of Precious Metals in an IRA

  • Precious metals are tangible assets.
  • Precious metals allow for a truly diversified portfolio.
  • Precious metals provide a hedge against equity fluctuations.
  • Asset growth/profits are tax-deferred.

Of Special Note

  1. American Eagle and numismatic coins that are “certified” or “slabbed” are not currently permissible in IRAs.
  2. Only uncirculated American Buffalo coins are permissible; proof coins are not.
  3. Small bullion bars of gold, silver, platinum and palladium must be produced to exact specifications in weight. (Small bullion refers to bars other than 400-ounce gold, 1000-ounce silver, 50-ounce platinum, and 100-ounce palladium bars.)
  4. Also permissible are gold, silver, and platinum rounds and bars that meet the minimum fineness requirements as follows: Gold .995+ Silver .999+ Platinum .9995+ Palladium .9995+. These must be made by a national government mint or by a source (refiner/assayer/manufacturer) accredited by NYMX/COMEX, NYSE/Liffe, LME, LBMA, ISO 9000.

Precious Metals Allowed in Self-Directed IRAs

Gold

  • American Eagle coins
  • American Buffalo coins
  • Australian Kangaroo/Nugget coins
  • Austrian Philharmonic coins
  • Canadian Maple Leaf coins

Platinum

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

Silver

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

Palladium

Rounds and bars that meet the minimum fineness requirements as follows: Gold .995+ Silver .999+ Platinum .9995+ Palladium .9995+. These must be made by a national government mint or by a source (refiner/assayer/manufacturer) accredited by NYMX/COMEX, NYSE/Liffe, LME, LBMA, ISO 9000.

Contact Midland IRA today to learn more!

Testimonial

Peter Thomas is a Senior Vice President at the Zaner Precious Metal Division, and he is considered one of the leading gold authorities in the world today.

The tax laws in the alternative asset class are not only complicated but they fluid as well. There is absolutely no way that I could run my global metals operation and keep track of all the on-going changes in the tax code. This is why I refer my clients to the qualified staff at Midland.

Sincerely,
Peter Thomas
SVP at Zaner Precious Metals