When it comes to investing in a Precious Metals IRA, you cannot just invest into any type of coin or collectible. The (IRS) Internal Revenue Service has laid out some strict rules when it comes to what type of precious metals are permitted in an IRA. In fact, many popular bullion coins and bars are not eligible for IRA investing simply because they do not meet the purity requirements of the IRS. The purity grade needs to be 0.995 or higher for gold, 0.999 or higher for silver, 0.9995 or higher for platinum and 0.9995 or higher for palladium.
As of 2022, here are the gold, silver, platinum and palladium coins and bars that you can safely own as part of your retirement investment strategy: