Gold Bullion Insights
Gold Bullion Insights
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Purity and Investment Considerations
Purity and Investment Considerations
To be suitable for tax-advantaged retirement accounts like IRAs, gold bullion must adhere to specific purity standards. The purity of gold is measured in fineness, a thousandth part of the weight of pure gold in a specific weight unit of alloy. For instance, gold with a fineness of 999 is 99.9% pure.
Key Purity Requirements
Key Purity Requirements
Minimum Purity
Gold bullion intended for IRAs must be at least 99.5% pure.
American Gold Eagle
While the standard is 99.5%, the iconic American Gold Eagle coin can be included in an IRA despite its 91.67% purity.
Refiner Approval
To be eligible for an IRA, gold bullion must be produced by a refiner approved by the IRS.
The Value of Gold Coins
The Value of Gold Coins
The value of gold bullion, including coins, is primarily determined by its gold content, weight, and prevailing market prices. Fluctuations in the global gold market directly impact bullion prices. It's crucial to note that while the gold content is a fundamental factor, other elements such as coin design, rarity, and collector demand can influence a coin's overall value.
Whether you're considering a cash purchase or an IRA-backed investment in gold, conducting thorough research is essential. Our complimentary Gold IRA Guide offers valuable insights. Additionally, our knowledgeable customer success team is available to address your questions and guide you through the investment process.
Thinking About Investing in Gold Bullion?
Thinking About Investing in Gold Bullion?
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Learn More With Our Free Gold IRA Guide
Learn More With Our Free Gold IRA Guide
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