#1 Gold IRA Podcast With Jeffrey Tan: The #1 BEST And MOST COMPREHENSIVE Gold IRA Information Source [goldirapodcast.net]

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In this episode, I share my audiobook titled: "IRA Approved Precious Metals (In A Gold IRA / Precious Metals IRA)". 

A precious metals IRA, often referred to as a Gold IRA, is a self-directed individual retirement account that allows you to hold physical precious metals as an investment. However, the IRS has strict rules about what types of precious metals are allowed within these accounts. In general, the metals must meet certain fineness standards and be held by an approved custodian. For example, these are the requirements regarding Gold:

Purity: Gold bullion must be at least .995 (99.5%) pure. This means that for every 1,000 parts of the metal, at least 995 parts must be gold.
Forms: Acceptable forms typically include:
Gold Coins:
American Gold Eagle: These coins meet the purity standards, are readily available, and are often a popular choice.
Canadian Gold Maple Leaf: Another widely accepted coin with the required purity.
Australian Gold Kangaroo/Nugget: Accepted as long as they meet the fineness requirements.
Austrian Gold Philharmonic: A popular European gold coin that qualifies.
Other Government-Issued Gold Coins: Many other gold coins issued by national governments (e.g., British Sovereign, South African Krugerrand) may be acceptable if they meet the fineness and authenticity requirements. Important Note: The South African Krugerrand, while historically popular, typically doesn't meet the .995 fineness requirement and is therefore usually not approved for precious metals IRAs. Confirm with your custodian.
Gold Bars/Rounds:
These must be produced by a COMEX-approved refiner or assayer, or a national government mint.
They must be clearly marked with their weight, purity, and manufacturer's mark.
Typical sizes range from 1 oz to larger kilo bars.

Listen to this episode to learn much more critical information.

Tune in to this podcast regularly for new episodes where I provide the most critical information on the topics of gold, gold IRAs, money, investing, and retirement in a concise and enlightening manner. 

Disclaimer: This episode is not financial, investment, or tax advice. For financial, investment, or tax advice, consult a financial, investment, or tax advisor.