Today many investors are investing in a bullion IRA, which is a retirement account that is backed by precious metal bullion coins and bars.
The uncertainty of the stock market and the weakening value of the dollar have led many investors to bullion IRAs. If you are worried about potentially losing your investment savings due to market volatility, a Precious Metals IRA could be a good fit for you.
One of the first things to do when opening a bullion IRA account is to consult with a precious metals IRA professional. Based on your investment goals, the specialists at Birch Gold Group will help you decide which options are best for you.
The second step for opening a bullion IRA is to select which metal you would like to use as an investment. The bars and coins you choose need to be approved by the IRS for placement in your IRA. There are a number of coins that are approved for a Precious Metals IRA. Here are a few popular options.
American Eagle - Released in 1986 as the first official gold bullion coin offered by the United States, the 22-carat American Eagle coin is 91 percent gold. This is the only bullion coin with a purity of less than 99 percent that the IRS approves for placement in an IRA. This coin is available in the following weights: 1/10 oz., 1/4 oz., 1/2 oz. and 1 oz.
The American Eagle bullion coin also comes in silver and platinum editions which can also be added to an IRA. Additionally, there is a proof version of the coin on the market which is often sought after because of the coin’s limited production each year and its high quality.
Canadian Maple Leaf — This coin became available to investors in 1979 and is composed of 99.99 percent gold. Known as the world’s first 24-carat gold bullion coin, the Canadian Maple Leaf is available in five versions: 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz. and 1 oz.
If you are interested in purchasing this coin, it is available in silver, platinum and palladium editions, all of which are certified for IRA placement.
Austrian Philharmonic — This coin is made of 99.99 percent of pure 24-carat gold, and also comes in silver and platinum versions. An interesting thing about the Austrian Philharmonic coin is that it has the largest diameter of all pure and IRA-approved bullion coins.
American Buffalo — Released in 2006, this 24-carat and 99.99 percent pure gold bullion coin was the first of its kind offered by the United States. This coin is available in four denominations: 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz.
If you are interested in investing in a bullion IRA, contact Birch Gold Group. We are here to answer your questions. It is easy to open a Precious Metals IRA, and Birch Gold Group will show you how to start. Our team of Precious Metals Specialists will help show you which bullion might be right for you. Call us today to learn more about your investment options.