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The four precious metals allowed to be held in an individual retirement account are gold, silver, platinum and palladium, provided they are in the form of IRS-approved coin or bar products. Since gold is the most commonly purchased of the four, the overarching term "gold IRA" is used most often as industry slang to mean a retirement account ...
In addition to acting as the voice of the global precious metals market, LBMA is the contact point for regulators, investors and clients. LBMA has always worked closely with London Precious Metals Clearing Limited (LPMCL), which organises and co-ordinates bullion clearing and vaulting in London for OTC transactions taking place around the world ...
It converted precious metals into standard coin for anyone's account with no seigniorage charge beyond the refining costs. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981.
The best known precious metals are the precious coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art , jewelry , and coinage. Other precious metals include the platinum group metals: ruthenium , rhodium , palladium , osmium , iridium , and platinum , of which platinum is the ...
Credit balances on the account do not entitle the creditor to specific bars of gold or silver or plates or ingots of platinum or palladium but are backed by the general stock of the precious metal dealer with whom the account is held. The client in this scenario is an unsecured creditor. [5]
The regional theft rings sent their stolen catalytic converters to DG Auto Parts in Freehold, New Jersey, who removed the precious metals from them and ground them into dust. The precious metals were then sold to Dowa Metals and Mining America for refining, after which they were sent to Japan; these sales are believed to have generated ...
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