Palladium is worth more than gold. It’s been worth more for years. Should we remove gold from its place atop the precious metal heap? After all, isn’t the most expensive precious metal “the gold standard?”

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There’s definitely a patriotic tint to precious metals investment. The U.S. is the country most known for monetizing gold with the dollar tether. The U.S. Mint’s products are, by and large, brandished with iconic imagery symbolizing the nation. So naming your precious metals IRA company Patriot Gold Group seems like a straightforward choice.

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Occasionally, we come across television, radio, and other assets promoting the sale of gold, silver and other precious metals for IRAs and other retirement accounts​. These ads suggest that you can store these IRA-owned metals at your home.

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Key to a secure and happy retirement is diversification. Putting all your eggs in one proverbial basket will leave them exposed to whims of the stock market.

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Generally, the rules concerning IRA transactions for gold IRAs are the same for other kinds of IRAs. There are some rules that apply specifically to gold and other precious metals in IRAs that are not applicable to other IRAs, such as purity and storage requirements. However, this post will focus on the tax rules that apply to the most common IRA transactions.

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First introduced in 1989 as a 1 troy ounce gold coin named for the renowned Vienna Philharmonic Orchestra, the official Austrian state gold coin is made to a 999.9 fineness level – a 24 karat, ‘pure gold’ product, making it acceptable for IRA accounts in the U.S.

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