RESOURCES

Individual retirement accounts have their own system of income taxation, so a precious metals IRA (or similar retirement account) is regulated by law in several countries. For instance, in the US, ERISA (the Employee Retirement Income Security Act) regulates the types of holdings that can be featured in individual retirement accounts. Some of the rules governing IRAs are enforced by the federal IRS (Internal Revenue Service), such as a specific law governing precious metals: Transactions involving precious metals have to satisfy certain criteria before they are classed as legal and correct IRA holdings. Many other countries have laws similar to these although the fine detail might vary.