What Precious Metals Can Be Held in a Retirement Plan?
The Canadian government currently allows certain precious metals to be held in a retirement account. Here is the current list of acceptable precious metals for retirement accounts:
GOLD
• Canadian Maple Leaf Coins
• American Eagle coins
• Austrian Philharmonic
• Credit Suisse gold – PAMP Suisse gold Bars .999
• Bars and rounds as referenced below 1
SILVER
• Canadian Maple Leaf coins
• American Eagle coins
• Austrian Philharmonic coins
• Bars and rounds as referenced below 1
1 Bars and rounds produced by manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national mint. The minimum finenesses for bars are:
Gold .995+
Silver. 999+
Platinum .9995+
Palladium .9995+
Bullion coins and bars can be thought of as common coins and bars. Their values are dependent upon and tied closely to the spot price of precious metals.
* Setup a Gold RRSP today, simply follow the instructions on this link RRSP Account Setup.
