During volatile economic times, some investors seek to further diversify their portfolios by adding physical assets such as gold, silver, platinum, and palladium.

These investors may also be looking toward investing in gold and other precious metals as a hedge against inflation or as stability during challenging economic climates. Although the Internal Revenue Code states that collectibles cannot be held in IRAs, certain precious metals that meet the requirements specified in Section 408 of the Code may be held in individual retirement accounts.