IRA Eligible Gold Investments [2023 Options for Inflation]

Andrew C. McGuire

Disclaimer: I may receive affiliate commissions for recommending certain products or services, but this does not affect my opinion of them.  Please do your research before investing in any of the companies mentioned, as I have done my best to give you the top-rated companies I've researched.

Investing in gold can be one of the most effective ways to protect your wealth from inflation and economic downturns. Whether you’re planning on expanding your portfolio or safeguarding what you have already accumulated; investing in IRA eligible gold could be just the thing for you! 

Take charge of your financial future today! Don't wait - start exploring ways to build wealth through gold investments now!

  • Money magazine’s “Best Overall” Gold IRA Company in 2022
  • Quarterback Joe Montana and his financial team chose Augusta
  • Zero fees for up to 10 years — every customer qualifies
  • Investopedia’s “Most Transparent” Gold IRA Company in 2022
  • Free guides on how to avoid gimmicks & high-pressure tactics used by gold IRA companies

We earn a commission if you make a purchase, at no additional cost to you.

Investing in gold bullion and other precious metals is an outstanding way to diversify your portfolio, protect yourself against inflation and generate wealth. With the right guidance, you can find IRA-eligible gold investments that offer significant tax advantages. With an IRA-eligible gold account, you can diversify your investments and hedge against the effects of market volatility. In this blog post, we will look through the different types of approved IRA gold bullion that are available for purchase as well as their benefits, non-approved IRA bullion options, and how to buy approved IRA Gold Bullion. But before you go on to read about gold bullion investments and the best investment companies, you should see what Joe Montana, the famous quarterback says about his gold investment experience and why he believes Augusta Precious Metals is the #1 investment company.

What is IRA Eligible Gold?

IRA-eligible gold refers to gold bullion and coins that are approved by the Internal Revenue Service (IRS) for inclusion in an Individual Retirement Account (IRA). These investments can provide a hedge against inflation and a recession, as well as potential tax benefits.

IRA-eligible gold is a great way to protect your wealth from inflation and a recession, so it's important to understand the types of approved IRA gold bullion available.

Types of Approved IRA Gold Bullion

Gold bullion is a form of gold investment that has been approved for inclusion in an Individual Retirement Account (IRA). Gold bullion comes in many forms, including bars and rounds. It differs from gold coins because it does not have any numismatic value or collectible value; its sole purpose is to serve as a store of wealth.

The IRS has established specific guidelines for what types of gold bullion are allowed in IRAs. Generally, only certain bars or coins made from 99.5% pure gold or higher qualify. Examples include American Eagle coins, Canadian Maple Leaf coins, South African Krugerrand coins, Chinese Panda Coins, and Austrian Philharmonic Coins. Bars must be at least a .995 fine and may come from any national government mint recognized by the COMEX/NYMEX exchanges such as Credit Suisse or Johnson Matthey.

When investing in gold for your IRA, you must purchase approved products from the Internal Revenue Service (IRS). Approved products include certain types of gold bars and rounds that meet specific purity requirements set by the IRS. These include; 1 oz., 10 oz., 1 kilo, and 100-oz. Good Delivery Bars; Credit Suisse PAMP Suisse Cast Bars; Johnson Matthey Limited Assay Office Cast Bars; Valcambi Suisse Cast Bars; Perth Mint Certicard Bars; Royal Canadian Mint Maple Leaf Coins with .9999 fineness; American Eagle Coins with .9167 fineness or higher; Austrian Philharmonic Coins with .999 fineness or higher.

Investing in approved IRA gold bullion can offer several benefits to investors looking to diversify their portfolios and protect their wealth against inflationary pressures or economic downturns. Gold tends to maintain its purchasing power over time due to its finite supply and global demand, making it an attractive option for those seeking long-term portfolio protection against market volatility. Additionally, when held within an IRA account, profits on investments made using funds from the account are tax-deferred until retirement age – meaning investors can potentially benefit from compounding returns without having to pay taxes on them until later down the line.

Investing in approved IRA gold bullion is a notable way to diversify your portfolio and protect your wealth from inflation. Next, let's look at the benefits of investing in such gold bullion.

Key Takeaway:

Investing in gold bullion for an IRA is one of the greatest ways to diversify your portfolio and protect against inflationary pressures or economic downturns. The IRS approves certain forms of gold bars, including bars and rounds, that meet specific purity requirements. Benefits include potential compounding returns without having to pay taxes on them until retirement age as well as the finite supply and global demand of gold maintaining its purchasing power over time. 

Benefits of Investing in Approved IRA Gold Bullion

Investing in gold bullion coins can be a fantastic way to diversify your retirement portfolio and safeguard your wealth from inflation and economic uncertainty. Gold is an asset that has historically held its value over time, making it an attractive option for those looking to preserve their wealth.


Gold Bullion as Portfolio Diversification

Adding gold bullion to an IRA can help diversify the investments within the account, reducing overall risk. Gold tends to move independently of other assets such as stocks or bonds, meaning it won’t necessarily follow the same trends as other investments in your portfolio. This makes gold a great tool for hedging against market volatility and protecting against losses when markets decline.


Value Preservation

One of the primary benefits of investing in approved IRA gold bullion is its potential for value preservation over time. The precious metal has been used as currency since ancient times and continues to be seen by many investors as a safe-haven asset during periods of economic uncertainty or inflationary pressures on currencies like the US dollar. By investing in physical gold rather than paper-based instruments such as ETFs or futures contracts, you are able to benefit from owning actual tangible assets which may hold their value better than paper alternatives due to limited supply and strong demand globally.


Value Appreciation

While preserving wealth is important, many investors also look for ways to grow their money over time with investments that have potential upside growth opportunities. Investing in approved IRA gold bullion offers this opportunity through long-term appreciation potential based on factors such as increasing global demand, geopolitical events impacting supply/demand dynamics, or changes in government policies related to monetary policy or taxation laws affecting investment returns from traditional assets like stocks & bonds.

Adding physical precious metals into one's retirement portfolio helps hedge against inflationary pressures since they typically retain their purchasing power better than most other forms of money over long periods of time. This is primarily because they are scarce resources with limited supplies available worldwide, compared to unlimited amounts printed out by governments at will (i.e., fiat currencies).

Investing in approved IRA gold bullion is a notable way to safeguard your wealth from inflation and recession. It also offers the potential for growth over time, making it an ideal investment choice. Next, we will look at non-approved IRA bullion options.

Also, investors may benefit from tax advantages when investing through an IRA account depending on their individual circumstances; consult your financial advisor for more information about this option before making any decisions regarding your retirement savings plan(s).

Key Takeaway:

Adding physical gold to an IRA is a notable way to diversify and safeguard your retirement portfolio from inflation, economic uncertainty, and market volatility. Gold can help preserve wealth over time due to its limited supply and strong global demand. It also has the potential for long-term value appreciation based on geopolitical events or changes in government policies.

Key benefits of investing in gold bullion include:

- Diversification

- Value Preservation

- Value Appreciation

- Potential tax benefits

Non-Approved IRA Bullion

Talking about investing in an IRA, there are certain types of bullion that are not approved for inclusion. These include collectible coins and non-precious metal bullion such as copper or zinc. Investing in these types of items can have serious consequences, including tax penalties and disqualification of the IRA.

Collectible coins are typically considered rare or valuable due to their age, condition, or rarity. While they may be worth more than their face value, they do not meet the criteria set by the IRS for investment in an IRA account. As a result, any profits made from selling them would be subject to taxation when withdrawn from the account.

Non-precious metal bullion is also prohibited from being included in an IRA account because it does not meet the requirements set forth by the IRS for investments within this type of retirement plan. This includes metals such as copper and zinc which may also be used as a form of currency but lack intrinsic value beyond their use as money or barter items. The same rules apply here; any profits made on these items will be taxed upon withdrawal from your IRA account if you choose to invest in them instead of gold or silver bullion coins approved by the IRS for IRAs.

Finally, investors should also avoid purchasing numismatic coins with high premiums over spot price since these too are ineligible for inclusion into an IRA account according to IRS regulations governing retirement plans like IRAs and 401(k)s. Any profits made on these coins will still be subject to taxation when withdrawn from your retirement plan so it’s best avoided altogether if possible.

In conclusion, while investing in precious metals is one way to protect your wealth against inflation and recessionary periods, only certain forms of gold and silver bullion qualify under current Internal Revenue Service guidelines. Non-approved forms such as collectible coins, non-precious metal bullions (such as copper and zinc), and numismatic coins with high premiums over spot prices must all be avoided when making investments into your individual retirement accounts.

You must understand that not all gold bullion investments are approved for IRAs, so it's important to research and choose the right type of gold and silver coins investment before committing your funds. Next, let's discuss how you can buy approved IRA gold bullion.

Key Takeaway:

When investing in an IRA, it is important to avoid non-precious metal bullion such as copper and zinc, collectible coins, and numismatic coins with high premiums over spot prices. These items are not eligible for inclusion in an IRA account according to IRS regulations and any profits made on them will be subject to taxation when withdrawn from the retirement plan. 

How to Buy Approved IRA Gold Bullion

Buying approved gold bars for inclusion in an IRA is a great way to protect your wealth from inflation and recession. Gold has long been seen as a safe-haven asset, and its value tends to remain relatively stable even during economic downturns. Here are some tips on how to buy approved IRA gold bullion:


Research Reputable Dealers

It’s important to find a reputable dealer when purchasing gold bars for your IRA. Look for dealers with experience dealing in precious metals, good customer reviews, and secure payment methods like credit cards or PayPal. Make sure the dealer you choose offers products (ira eligible gold coins and gold bars) that meet the IRS requirements for IRAs – only certain types of gold coins and bars are eligible for inclusion in an IRA account.


Evaluate Quality & Authenticity

Once you have chosen a reliable dealer, it’s time to evaluate the quality and authenticity of their products before making any purchases. Check if they offer certificates of authenticity or other proof that their products are genuine gold bullion items backed by any national government mint or refineries like the U.S Mint or Royal Canadian Mint (RCM). Also, check whether they provide assay reports which can verify the purity levels of each item purchased – this will help ensure you get what you pay for!

When considering investments in approved precious metals through an IRA account, be sure to factor in additional costs such as storage fees at third-party vaults and transaction fees charged by brokers who facilitate trades between buyers and sellers on behalf of investors. This will ensure that you don't end up overspending on something that won't yield returns later down the line.

Key Takeaway:

Buying gold bullion for inclusion in an IRA is a great way to protect your wealth from inflation and recession. To ascertain that you get the most out of your investment, it’s important to research reputable dealers, evaluate quality and authenticity, and factor in additional costs such as storage fees at third-party vaults and transaction fees charged by brokers. 


Can you take physical possession of gold in your IRA?

Yes, you can take physical possession of gold in your IRA. Gold is an approved asset for self-directed IRAs and other retirement accounts. You must work with a custodian to purchase the gold and arrange for storage. The custodian will also help you understand the IRS rules associated with taking physical possession of gold in an IRA. Additionally, there are tax implications to consider when investing in precious metals within an IRA account.

Can an IRA be invested in gold?

Yes, an IRA can be invested in gold. Gold is considered a "precious metal" and can be held within an Individual Retirement Account (IRA). An investor may choose to invest in physical gold or ETFs that track the price of gold. The IRS allows for up to 10% of total assets in an IRA to be allocated towards precious metals investments, including gold. However, it's important to note that only certain types of coins and bars are allowed as investments in IRAs.

How is gold taxed in an IRA?

Gold investments in an IRA are taxed differently than other investments. The Internal Revenue Service (IRS) allows gold to be held in a self-directed IRA, but the gold must meet certain requirements and be stored with an IRS-approved custodian. Generally, when gold is withdrawn from an IRA it is subject to income tax as well as a 10% early withdrawal penalty if you are under age 59 1/2. However, there may be exceptions for certain distributions that qualify for special treatment such as those related to the disability or death of the account holder. It is key to consult with a tax professional for specific advice on how gold investments in an IRA are taxed.


Investing in approved IRA gold bullion provides many benefits such as diversification of investments, tax advantages, and the potential for long-term growth. While non-approved IRA bullion may be tempting due to its lower cost, it does not provide the same level of protection or security as approved bullion. When purchasing approved IRA gold bullion, make sure you are working with a reputable dealer who can guide you through the affairs and make sure that your investment meets all IRS requirements.

Andrew's Gold IRA Pick

Augusta Precious Metals is the most trusted gold IRA company