Securing your future by having precious metals in your retirement account is one of the best investment options that you can make. This gives you the security that you need to ensure that you do not lose your hard-earned retirement dollars.
Before converting your traditional IRA and investing in precious metals, you should first know what kind of precious metals you can include as investments in your retirement account.
Basically, your precious metals can include gold, silver, and platinum. There are rules and regulations that govern your precious metals investments. You can refer to Section 408(m)(3) of the Internal Revenue Code for the complete details.
The government of United States has a list of precious metals that you can have in your IRA account.
This is the list of the approved precious metals that you can consider for your investment:
- American Eagle coins. These coins have been annually minted by the United States since 1987. This is a collection series of four 22-karat coins and each of the coins has the W mint-mark that indicates where the coin was minted. The coin features the designs of the golden eagle scene by sculptor Miley Busiek and Augustus Saint-Gaudens rendition of Liberty, which is deemed to be one of the world’s most beautiful designs.
- Australian Kangaroo/Nugget coins. The 203 Kangaroo or Nugget coin from Australia is a 99.99% pure gold coin that has been issued since 1986. The Perth Mint has discounted its premiums on the 1-ounce gold Kangaroo with the objective of capturing a bigger market share in the highly competitive world bullion market. Each year, the round plastic capsule issued together with this coin features Australia’s most famous animal in various portraits.
- Austrian Philharmonic coins These are 99.99% pure 24 karat gold bullion coins. Featured in this coin is the image of the great organ in Musikverein Golden Hall, which is the home of the Vienna Philharmonic Orchestra. This Orchestra is deemed to be the best in the world. You can also see images of the instruments used by the orchestra.
- Canadian Maple Leaf coins. This coin features the bust of Great Britain’s Queen Elizabeth II. The other side bears the maple leaf, the national symbol of Canada.
- Credit Suisse gold. PAMP Suisse gold Bars .99. Deemed to be one of the most popular hallmarks of gold bars in the world, Credit Suisse gold bars are good investments. They are refined to the purity of 99.99% fine gold.
- U.S. Buffalo Gold Uncirculated coins. The Gold American Buffalo coin is the first 24-karat gold coin that was produced by the US Mint for the public. It features the image of a Native American Indian—a mix of three different tribes. The other side features the golden buffalo with the words “United States of America.”
• American Eagle coins - Silver bullion coins such as the Silver American Eagle which the U.S. government first introduced in 1986 has fast become one of the most popular ways to invest in silver bullion.
• Australian Kookaburra coins
• Austrian Philharmonic coins - The Silver Austrian Philharmonic coin was first minted in 2008 by the 800-year old Austrian Mint. Silver Austrian Philharmonic coins are pure .999 fine silver bullion coins.
• Canadian Maple Leaf coins - The Silver Canadian Maple Leaf coins are renowned throughout the investment world as the best silver bullion coins to buy because of the 99.99% silver purity.
• Mexican Libertad coins
• American Eagle coins - Platinum American Eagle coins are the best way to invest in platinum. With the Platinum American Eagle being one of the worlds scarcest metals the coin quickly became the # 1 platinum bullion coin in the world.
• Australian Koala coins - Platinum Australian Koala coins have the Ian Rank Broadley portrait of Queen Elizabeth II. Ian Rank-Broadley is one of the foremost sculptors working today.
• Canadian Maple Leaf coins - The Royal Canadian Mint introduced the Platinum Canadian Maple Leaf coin in the same year as the Silver Canadian Maple Leaf coin.
• Isle of Man Noble coins