Gold IRA History in America
On August 5, 1997, the Taxpayer Relief Act of 1997 was enacted by Congress and signed off on by the President. This federal law expanded the types of investments allowed in an IRA to include precious metals. Specifically, the Act states:
The Taxpayer Relief Act opened up the opportunity for millions of American citizens to enjoy the benefits of being able to diversify their retirement savings and invest in gold and other precious with the tax-advantaged status of an IRA. Moreover, various other types of non-IRA retirement accounts could subsequently be rolled over into a precious metals IRA in what is known as a "gold IRA rollover." This new found expansion of investment opportunity opened up a world of possibilities for US citizens to reap the same kinds of benefits possible to direct cash investors while never even having to invest a single dollar of free cash outside of their retirement account if they prefer. As the saying goes, the rest is history.
- "Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. Beginning in 1998, your IRA can invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion."
The Taxpayer Relief Act opened up the opportunity for millions of American citizens to enjoy the benefits of being able to diversify their retirement savings and invest in gold and other precious with the tax-advantaged status of an IRA. Moreover, various other types of non-IRA retirement accounts could subsequently be rolled over into a precious metals IRA in what is known as a "gold IRA rollover." This new found expansion of investment opportunity opened up a world of possibilities for US citizens to reap the same kinds of benefits possible to direct cash investors while never even having to invest a single dollar of free cash outside of their retirement account if they prefer. As the saying goes, the rest is history.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "GOLD IRA COMPANIES" tab at the top of the page.