So, you’re thinking about adding precious metals to your retirement funds. Perhaps you have already been buying gold or silver for your other investment accounts or maybe this will be your first venture into precious metals investing.
Of course, you could just purchase gold, silver, platinum or palladium, store them separately, and mentally earmark them “saved for retirement.” But a more reasonable option might be to take advantage of the tax benefits available through the use of self-directed IRAs and self directed “Roth” IRAs. You can learn more about these benefits by conducting Internet research. The specific language pertaining to investing IRA funds in precious metals can be found in Section 408(m)(3) of the Internal Revenue Code. Continue reading