What Types of Gold?
The United States government currently allows Gold American Eagles and Gold proof American Eagles in IRA’s.
Gold American Eagles are mass produced bullion coins. The value of these gold bullion coins is tied to the gold price. The price of gold fluctuates moving up and down like a heart monitor. This fluctuation in the price is directly tied to investors that buy and sell and buy and sell in an attempt to take advantage of the price volatility. Under the Executive Order of 1933 issued by FDR, gold bullion coins are subject to confiscation by the U.S. government during times of national crisis. Gold American Eagles are instantly liquid.
The U.S. Mint specifically having retirement accounts in mind designed gold proof American Eagles. Proof Gold has a limited supply. Each year only a certain number of gold proof coins are produced resulting in a scarcity which may cause them to outperform the generic American Eagles 1 ½ to 2 times. The Gold proofs are exempt from confiscation under the Executive Order of 1933. Each proof American eagle is delivered to your storage facility with its own official U.S. Mint Certificate of Authenticity. These gold coins have “United States Government Backing” which, like the dollar, means they are recognized and accepted in major investment markets around the world. This gold is also instantly liquid.