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What are the gold IRA investment rules?
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The IRS has specific rules and regulations regarding gold IRAs. Generally speaking, the Internal Revenue Service allows a variety of gold, silver and platinum bullion, coins and bars to be held in an Individual Retirement Account (IRA). However, their fineness must meet certain requirements, and the bullion must be stored in an approved depository. Additionally, the IRS only permits certain numismatic coins to be held in IRAs. Generally, these coins must have a high level of collectible value and must be kept in a secure storage facility. Lastly, capital gains taxes must be paid for profit off of the investments.