IRAs are allowed to contain various types of investments and assets, that the custodian institution, such as a bank or brokerage, allows, including precious metals. That may include stocks, bonds, mutual funds, and ETFs are some of the more common components of an IRA. However, with a self-directed IRA, (SDIRA) you can hold more diverse asset classes, including precious metals like Gold and Silver.
IRS tax law allows precious metals products that meet certain standards of purity to be included in a Precious Metals IRA. For example, the fineness of Gold coins and bars must be at least 0.995, Silver products must be at least 0.999 fine, and both Platinum and Palladium products must be at least 0.9995 fine.
Gold
Gold is known for its rarity, malleability, durability, conductivity and long association with wealth and prosperity. The qualties that make it a valuable and sought after metal.
Silver
Not only a popular precious metal for jewelry, but it also has the highest electrical and thermal conductivity of all the elements and the lowest contact resistance.
Platinum
Touted as a leader in long-term value among all of the precious metals, Platinum is nearly 15 times rarer than Gold, yet it is widely used.
Palladium
Lesser known than the three metals mentioned previously, Palladium is a rare metal that is highly utilized in dental, environmental, and even jewelry applications. Because the metal is extremely rare, Palladium is considered to a precious metal, and it can command a high price on the open market.
