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<p>[QUOTE="illini420, post: 690828, member: 19423"]Lots of good info here, but you're allowed to invest in American Gold Eagles (which are not more than 99.5% pure) as well as other coins that are at least 99.5% pure.</p><p> </p><p>Can also invest in other precious metals including silver, platinum and palladium, but the fineness requirements are different for each.</p><p> </p><p>Personally, I would never go for one of these precious metals IRA accounts since you can't take physical possession of the metals until you start taking your required distributions. And even then, the fees associated with these IRAs and the delivery of your metals are much higher than other IRA accounts. However, given the failure of mega-large financial institutions and investment houses, how many managment companies out there do you trust to hold your physical metals for you until you retire??? </p><p> </p><p>I'd say for most people you're better off investing in traditional assets in your IRA and if you want metals, buy those outside of the IRA. Especially when you consider the relatively low return on gold/silver over the past 30 years or so compared to the markets and the 28% collectibles gains rate.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 690828, member: 19423"]Lots of good info here, but you're allowed to invest in American Gold Eagles (which are not more than 99.5% pure) as well as other coins that are at least 99.5% pure. Can also invest in other precious metals including silver, platinum and palladium, but the fineness requirements are different for each. Personally, I would never go for one of these precious metals IRA accounts since you can't take physical possession of the metals until you start taking your required distributions. And even then, the fees associated with these IRAs and the delivery of your metals are much higher than other IRA accounts. However, given the failure of mega-large financial institutions and investment houses, how many managment companies out there do you trust to hold your physical metals for you until you retire??? I'd say for most people you're better off investing in traditional assets in your IRA and if you want metals, buy those outside of the IRA. Especially when you consider the relatively low return on gold/silver over the past 30 years or so compared to the markets and the 28% collectibles gains rate.[/QUOTE]
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