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A palladium IRA is a self-directed Individual Retirement Account that lets investors hold physical palladium as part of their retirement portfolio. Palladium IRA serves as a hedge against inflation and currency devaluation.
Palladium held in these accounts must come from an accredited refiner and it must meet a minimum purity of .9995. Examples of IRA-approved palladium including Canadian Palladium Maple Leaf and American Palladium Eagle coins.
Opening a palladium IRA involves setting up a self-directed account, funding it via cash, transfer or rollover, purchasing approved palladium products, and storing them in an approved depository. These depositories also accommodate other precious metals like gold, silver, and platinum.
A palladium IRA is functionally synonymous with gold or silver IRAs, as they all fall under the broader category of precious metals IRAs.
What is a Palladium IRA?
A palladium IRA is a specialized, self-directed Individual Retirement Account (IRA) that lets investors hold physical palladium coins and bars as part of their retirement portfolio.
Owning palladium IRAs helps investors hedge against inflation and currency devaluation. It’s an effective way Americans use to secure parts of their retirement money against shifting global economy.
Palladium held in the IRA is called IRA-approved palladium. It must meet strict fineness standards (minimum .9995 purity) and it must come from an accredited refiner or mint (NYMEX/COMEX).
Examples of IRA approved palladium are Canadian Palladium Maple Leaf coins and American Palladium Eagle coins.
What is IRA-Approved Palladium Bullion?
IRA-approved palladium is palladium bars and coins that meet IRS requirements for purchase and storage within a self-directed Individual Retirement Account (palladium IRA).
IRA-eligible palladium meets the applicable minimum fineness requirement of 99.95% (0.9995) and takes the form of qualifying palladium bullion bars or coins. This palladium type must also meet applicable requirements concerning its producer, refiner, or assayer.
The most popular permitted palladium bullion coins which the IRS states are eligible for inclusion in an IRA are listed below.
- Canadian Palladium Maple Leaf coins.
- Russian Ballerina Palladium coins.
- American Palladium Eagle Coin.
Palladium is a scarce precious metal and there aren’t that many palladium-approved coins and bars on the market. As you research you’ll learn there aren’t plenty of US gold IRA and silver IRA investment companies that sell palladium products and bullion. Most precious metal dealers sell only IRA-approved gold and IRA-eligible silver.
Further below I give you a legit US gold investment company where you can purchase IRA-eligible palladium bullion.
Which Palladium Coins and Bars are Not IRA Approved (Examples)?
Below are some examples of palladium IRA-ineligible bullion.
- Tonga King Taufa Ahau Tupou IV Coins.
- French 100 Franc Palladium Bullion Lafayette Coins.
- China Palladium Panda 50 and 100 Yuan Coins.
- Isle of Man Palladium U.S. Constitution Coins.
- Australia Emu Palladium Coins.
- Portugal Palladium Proof Coins.
- Switzerland 50 Francs Palladium William Tells.
- Slovak Republic EU Expansion Pentagon-Shaped Palladium Coins.
The list of palladium coins and bars that are IRA-ineligible is much bigger than the list of eligible coins and bars. Besides the coins listed above, it’s important to avoid any proof coins, collector, commemorative, or valuable numismatic coins. Such rare coins are valuable and beautiful, but the IRS doesn’t accept them as part of an IRA.
It’s a common gold IRA scam to be offered to buy a non-eligible palladium coin as if it were eligible. Be warned and stay vigilant.
How to Open a Palladium IRA?
To open a palladium IRA, first you need to open a self-directed IRA with a custodian that permits investments in IRA-eligible palladium. Second, fund your new account through a direct IRA transfer, rollover from an eligible retirement plan, or another permitted funding method.
The third step is purchasing IRS-eligible palladium coins or bars through your self-directed IRA. The available selection is limited compared with gold and silver because only certain palladium products meet the applicable IRS requirements for precious-metal IRAs.
The fourth and final step is having the palladium shipped by the dealer or custodian to an IRS-approved precious-metals depository, where the IRA assets remain in approved custody. These facilities are colloquially called gold IRA depositories, but they also store qualifying bullion made from all IRA-approved precious metals (gold, silver, platinum, and palladium).
This is the palladium IRA company I recommend to American investors looking to diversify with this silvery noble metal.
What is the Best Palladium IRA Company?
The best palladium IRA company in the USA is Birch Gold Group. Birch Gold Group is a trusted and reputable precious metal investment company that specializes in helping American investors diversify their retirement portfolios with palladium and gold, silver and platinum, the other three IRA-approved noble metals
Birch Gold Group is a 20+ years old company with stellar online reputation and their minimum investment requirement for opening a palladium IRA is just $5,000 (one of the lowest in the industry).
Another good option for opening a palladium IRA is Noble Gold Investments. Noble Gold IRA is a legitimate and reputable precious metals firm that stocks palladium products and specializes in selling precious metals to Americans who wish to open new IRAs.
Noble Gold IRA boast an A+ BBB rating, excellent customer feedback, and raving customer reviews on popular/trusted consumer watchdog websites.
This is the palladium IRA company I recommend to American investors looking to diversify with this silvery noble metal.
Is Palladium IRA the Same as Gold IRA?
Yes, palladium IRA is the same as gold IRA. The two terms are synonyms to each other and to “precious metals IRA”, a self-directed retirement account where American investors add IRA-approved gold to their retirement portfolios.
Popular gold coins to include in a precious metals IRA are American Gold Buffalos, American Gold Eagles, Canadian Maple Leafs, Austrian Philharmonics, Australian Kangaroos…
Is Palladium IRA the Same as Silver IRA?
Yes, palladium IRA is the same as silver IRA. The two terms are synonyms to each other and to precious metals IRA, a self-directed retirement account where American investors add IRA-approved silver to their retirement portfolios.
Popular silver coins to include in a precious metals IRA are Canadian Silver Maple Leafs, American Silver Eagles, Australian Kookaburras, Mexican Libertads, Austrian Silver Philharmonics…
This is the palladium IRA company I recommend to American investors looking to diversify with this silvery noble metal.
Nikola Roza
Nikola Roza is the owner of Nikola Roza- Everything You Can Learn About Precious Metals. He writes for people who love precious metals and jewelry and who're interested in adding gold, silver platinum and palladium to their retirement portfolios. Nikola is passionate about gold IRAs and investing in multiple asset types for a safer financial future. He also runs a successful online jewelry store where you can buy precious metal jewelry and various replicas of famous coins and bars. Learn about Nikola here.
