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In most cases your custodian won't allow you to own gold coins. But you can buy bullion with GLD and there are many other funds that own gold and precious metals like TGLDX, MIDSX. Search for mutual funds that have a basket of gold mining companies, etc. If you really want to own gold coins, you can do so in a self-directed IRA. There are a number of nationally recognized trust companies that offer such accounts. According to IRS rules, their are non-collectible "bullion" coins that you can own. Generally, they have to be .995 fineness or better. These include American Gold Eagles, Candadian Gold Maple Leafs and Austrian Philharmonics (which are gorgeous coins!) You cannot own South African Krugerrands since they only have .916 fineness.

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17y ago

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