Karat
Gold IRA Glossary
A measure of gold purity expressed in 24ths: 24 karat gold is pure, while 22 karat gold is 22 parts gold and 2 parts other metals. Most IRA-eligible gold is at least .995 fine, close to 24 karat, though the 22 karat American Gold Eagle qualifies under a specific exception in the tax code. Karat is used mainly for coins and jewelry, while bars are usually described by fineness instead.
This content is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. GoldIRAFinder.com is not a precious metals dealer, IRA custodian, broker-dealer, or investment adviser. Precious metals prices fluctuate and can lose value, and past performance does not guarantee future results. Before making any investment or retirement decision, consult a qualified financial, tax, or legal professional.