Want to set up a self-directed precious metals IRA? Well, not all gold, silver, platinum, and palladium bars are eligible for an individual retirement account (IRA). The IRS only approved certain gold, silver, platinum, and palladium bars and types of coins. The following is a list of IRA-approved precious metals that can be purchased for a precious metal IRA. Scottsdale Bullion %26 Coin has simplified the process of setting up a gold and silver IRA in six easy steps.
Find out which silver coins and bars are approved for inclusion in the IRA and how you can get started with a precious metal IRA. Approved gold investments must fall under a pre-approved list (as described above) and be pure 24-carat gold bars (1 ounce — 400 ounce). To invest in precious metals via a self-directed IRA, you must set up a valid IRA and have cash in the IRA.