Precious Metals in Your IRA
- uDirect offers the ability to purchase and store precious metals in your retirement account to add gold to your IRA.
- Allows the purchase of precious metals in IRA, Roth IRA, SEP, SIMPLE and 401(k) accounts.
- Unlike other companies, our process is simple, yet flexible in that we allow you to choose the precious metals dealer of your choice.
- When you purchase precious metals for your IRA, you are acquiring your own metals – NOT an interest in an investment pool of metals with other investors. We will take physical delivery of metals for your account.
Types of Precious Metals Allowed in IRA
- As for IRA-approved coins, only gold coins that are legal tender with 0.9999% fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness.
- Other gold coins allowed to be put into an IRA include:
- American Buffalo
- Canadian Gold Maple Leaf
- Australian Gold Nugget
- Platinum Maple Leafs & non-proof coins are acceptable
- The popular South African Krugerrand is not permitted to be included in an American IRA because it’s fineness is only 0.9167%.
- The regulations that govern gold contributions to IRAs call for a minimum purity of only 0.995%, most gold bullion bars are 0.9999% pure.
Examples of IRA Precious Metals That Can Be Held
- Gold
- American Eagle coins
- Australian Kangaroo/Nugget coins
- Austrian Philharmonic coins
- Canadian Maple Leaf coins
- Credit Suisse – Pamp Suisse Bars .999
- U.S. Buffalo Gold Uncirculated coins (no Proofs)
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements
- Silver
- American Eagle coins
- Australian Kookaburra coins
- Canadian Maple Leaf coins
- Mexican Libertad coins
- Bars and rounds manufactured by a NYMEX or COMEX approved refiner/assayer or national government mint and meeting minimum fineness requirements
- All metals are currently stored at a metals storage depot.
- All metals are insured against theft, errors, and natural disasters.
- Metals are stored in a segregated vault and not commingled with other clients however we cannot guarantee the return of this exact coin if it is tracked as a generic “round”.
How Does it Work?
- Open an account with uDirect IRA Services
- Fund your account
- Complete a “Direction Letter” directing us to purchase IRA precious metals
- We have the metals purchased for your IRA
- Precious metals, including IRA gold, are stored by the custodian
- Fees – Set-up Fee $50, Annual Fee $275, See our Fee Schedule for Storage Fees
