You’d be surprised how many people are looking to purchase precious metals bars and coins for their IRA accounts. There is definitely a wide range of options to choose from, but they must have IRS approval to qualify for an IRA. This limits the number of approved investment opportunities currently available. Nevertheless, these restrictions on bullion and bars do exist because the IRS has put them there. Please pay close attention to the fineness requirements and other guidelines laid out by the IRS. Precious metals fineness requirements include: Gold fineness is 99.5% pure Silver fineness is 99.9% pure Platinum fineness is 99.95% pure Palladium fineness is 99.95% pure