What Gold Bars Are IRA Approved?
If you’re interested in investing in precious metals, a gold IRA could be an attractive solution. Offering tax advantages while still permitting physical gold purchases and storage. Just be mindful that any product meets IRS standards.
The IRS imposes stringent guidelines when approving gold, silver, platinum, and palladium products for inclusion in individual retirement accounts (IRA). This includes minimum fineness requirements as well as production by an established mint or manufacturer.
Perth Mint
The Perth Mint in Western Australia is a state-owned mint that produces gold bullion bars with high purity, which come complete with an assay card that verifies weight and purity of metals used. They’re approved for IRA accounts at a competitive premium rate.
The mint produces legal tender Australian coins. Their bullion series are available in gold and silver with different designs available each year such as the Kangaroo and Lunar Series coins, while new offerings from this mint include Koala Coin Series which feature different animals each year.
The Perth Mint is known for producing top-quality investment-grade bullion bars made from 99.99% pure gold or silver ranging in weight from 1 gram to 1,000 ounces, complete with serial numbers and tamper-evident packaging for safe storage in an IRA account. Furthermore, they own and work closely with refining company AGR Matthey which refines gold on behalf of their mint, producing various investment-grade gold and silver coins together.
Argor-Heraeus
Argor-Heraeus is an established precious metals refinery in Switzerland. Producing gold bullion bars for traders and banks as well as minting ingots for jewelry making and industrial applications; producing coins for both Austrian Mint and Royal Canadian Mint;
The company has built its reputation in the industry through a commitment to quality and responsible sourcing, becoming a member of London Bullion Market Association, Chicago Mercantile Exchange and Tokyo Commodity Exchange as well as having a partnership agreement with UN Industrial Development Organization to promote mercury-free refining technologies for small mining operations.
Argor-Heraeus offers gold bullion bars of various sizes, ranging from one gram to one kilogram bars. Each is sealed in an assay card that provides information about its weight and purity as well as a serial number to ensure accurate verification. Furthermore, their multigram bar series allows investors to purchase individual 1 gram pieces individually packaged in certicards for secure storage.
Valcambi
Valcambi is one of the world’s largest precious metal refineries, operating out of Balerna near Italy’s northern border. Established under a different name in 1961 and still in full capacity today.
Gold bars offered by this company that are approved as investments are popular investments due to their easy IRA depository-approved storage. Gold can easily be broken up into smaller units for use as emergency funds during financial crises or sold later for profit. Furthermore, these bars don’t require special depository facilities for storage purposes.
Valcambi CombiBar was developed to satisfy demand for smaller gold bullion bars that are easier to transport and more cost-effective than larger ones. Each Valcambi CombiBar bar comes engraved with weight and fineness information as well as serial number information; making them ideal additions to any gold IRA and can even be stored safely at home or an approved storage facility.
Royal Canadian Mint
The Royal Canadian Mint is widely recognized for their excellence in refining gold bullion bars with superior feel and finish, producing bars with quality feel and finish that have become highly-prized investments. Their 1 oz Royal Canadian Mint gold bar stands out as an investment option with 99.9999 fine gold content and superior security features.
The mint is owned and operated by the government, yet operates commercially. Its technically advanced refinery processes raw gold and other precious metals sourced domestically or internationally to become one of the largest refiners in Canada; producing bullion products sold internationally.
The IRS lays down strict guidelines regarding which metals qualify as investments within an Individual Retirement Account (IRA). IRA-eligible metals must typically come from national government mints or accredited refiners and meet specific fineness and purity criteria; taking possession of physical gold IRA assets would constitute a distribution that must be taxed accordingly; therefore investors should opt for self-directed IRAs or work with authorized precious metals IRA custodians such as Augusta Precious Metals when considering precious metal investments.
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