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.
