IRA investments i silver & gold

Submitted by John L. Ostner on Mon, 2022-09-19 22:16

I have previously been under the impression that IRA investments are not allowed in precious metals, yet I see many advertisements that pop up under the next to the Slott website. Obviously I don’t understand as there must have been a change I am not aware of.



Submitted by David Mertz on Mon, 2022-09-19 23:19

  • This has not changed.  There is an exception for certain precious metals that are held by an IRA trustee. From IRS Pub 590-A:
  • Exception. Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion.
  • See section 408(m)(3) for the more precise exception:  https://www.law.cornell.edu/uscode/text/26/408#m

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