American Eagle and American Buffalo Gold coins are specifically approved for IRAs. Other gold coins eligible as IRA investments include Australian Kangaroo/Nugget coins, Austrian Philharmonic coins and Canadian Maple Leaf coins.
Gold Bullion Bars Ideal for IRAsBecause gold bullion bars sell at smaller premiums than gold coins, they are ideal for IRAs. The most common gold bullion bars are the 1-oz bars, the 10-oz bars and kilo bars (32.15 ounces) Although the regulations that govern IRAs call for a minimum purity of only 99.5%, most gold bullion bars are 99.99% pure, what the industry calls "four 9s gold."
Investors with large IRAs should consider the ten-ounce and the kilo bars (32.15 ounces) because the larger bars carry smaller markups over spot. As a rule, the larger the bar, the smaller the markup.
Krugerrands not acceptable in IRAsKrugerrands (91.67% pure), and also Mexican 50 Pesos coins (90% pure) and hstoric US gold coins (90% pure), are not legal investments for IRAs. Only American Gold Eagles are specifically mentioned in the law that governs IRA investments.
