Solo 401k: History of Precious Metals
Followin is history of Solo 401k precious metals:
1933 - Presidential Executive Order 6102 (April 5th, 1933)
To help mitigate the banking crises stemming from the great depression, PresidentFranklin D. Roosevelt prohibits the hoarding of gold coin, gold bullion, and gold certificates in the United States.
1974 - Public Law 93-373 (December 31, 1974)
President Gerald Ford lifts the ban on holding precious metals by signing legislation that removes the constraint of "purchasing,
holding, selling, or otherwise dealing with gold”.
1985 - Gold Bullion Coin Act
As a result of legislation signed into law by President Ronald Regan, the production of the Gold and Silver
American Eagle Bullion Coins from "newly mined domestic sources" is made legal.
1986 - Tax Reform Act
American Eagle coins become exempt from the definition of a collectible and allowed in 401k plans and IRAs.
1997 - Taxpayer Relief Act
Signed by President Bill Clinton, favorable legislation reduces taxes, increases certain tax credits and affords tax relief for
retirement accounts including 401k plans.
Bullion coins and bars are allowed in 401k plans and IRAs provided specific purity requirements are met.
Additional Information
Solo 401k Precious Metals
How to Purchase Precious Metals with Solo 401k
Solo 401k Precious Metals Terminology
1933 - Presidential Executive Order 6102 (April 5th, 1933)
To help mitigate the banking crises stemming from the great depression, PresidentFranklin D. Roosevelt prohibits the hoarding of gold coin, gold bullion, and gold certificates in the United States.
1974 - Public Law 93-373 (December 31, 1974)
President Gerald Ford lifts the ban on holding precious metals by signing legislation that removes the constraint of "purchasing,
holding, selling, or otherwise dealing with gold”.
1985 - Gold Bullion Coin Act
As a result of legislation signed into law by President Ronald Regan, the production of the Gold and Silver
American Eagle Bullion Coins from "newly mined domestic sources" is made legal.
1986 - Tax Reform Act
American Eagle coins become exempt from the definition of a collectible and allowed in 401k plans and IRAs.
1997 - Taxpayer Relief Act
Signed by President Bill Clinton, favorable legislation reduces taxes, increases certain tax credits and affords tax relief for
retirement accounts including 401k plans.
Bullion coins and bars are allowed in 401k plans and IRAs provided specific purity requirements are met.
Additional Information
Solo 401k Precious Metals
How to Purchase Precious Metals with Solo 401k
Solo 401k Precious Metals Terminology