What is IRA Eligible Gold? If you’re considering using gold for retirement investments, it’s important to know what constitutes IRA eligible gold. The IRS requires gold to meet specific purity and minting standards. Only coins and bars from approved refiners and mints qualify, and they must be stored at an IRS-approved depository. By understanding these requirements, you can make better choices when setting up your gold IRA and ensure that your investment is fully compliant with IRS rules.