You Can Have A Gold IRA

If you are really worried about the stock market, inflation, or can't stand the incredibly low interest rates on fixed income assets, you can  invest in gold or other precious metals in your IRA per IRC Sec. 408(m)(3). Right now only 2% to 5% of IRA's own some precious metal assets. The coins or bullion must be held by the IRA custodian and not by the IRA owner. Most of the major brokerage firms will not do this for you but there are many firms out there that will. You have to set up a self directed IRA with a firm that will handle the transfer and storage of the precious metals. You are allowed to own American Gold Eagle coins, Canadian Gold Maple Leaf coins, American Silver Eagle coins, and gold and silver bars (bullion) that are 99.9% pure or better. These rules apply to Roth, SEP and SIMPLE IRA's also.