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<p>[QUOTE=&quot;andrew289, post: 690642, member: 6463&quot;]You need to open an IRA that allows precious metal investments. You can not use gold that you already own and you can not take posession of the coins in your IRA. </p><p>&nbsp;</p><p>You open the IRA, fund it ..then tell them what you want to buy and they buy it and the coins are housed in an approved repository. </p><p>&nbsp;</p><p>I know the Goldstar trust company has this kind of investment vehicle.</p><p>&nbsp;</p><p>In most cases you are not just limited to buffs, you have a large selection of coins (gold and silver) that you can purchase for investment.</p><p>&nbsp;</p><p>Kruggerands and pre 1933 gold are not eligible. IRA eligible coins must be atleast 99.5% pure. Kruggs and old gold are below that level.</p><p>&nbsp;</p><p>There are now as many company&#039;s offering gold IRAs as there are scrap gold buyers on TV. Each one many have different requirements. Some might be US only coins based. </p><p>&nbsp;</p><p>Google - precious metal IRAs or something similar and read up on the varieties of funds that are available to you as a consumer.</p><p>&nbsp;</p><p>But with all investments .... never ask for or take advice from forums. Always seek out profession accountants or advisors in your area as laws change depending on local municipalities and states.[/QUOTE]</p><p><br /></p>

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