It should not come as much of a surprise that the Internal Revenue Service enforces a number of stringent and specific rules for Gold IRA accounts. Consider yourself lucky that they allow you to inventory such precious metals at all. Until the Taxpayer Relief Act of 1997 was passed by Congress, neither precious metals nor collectible coins of any kind could be included in the self directed IRA retirement vehicles. Now this has changed much for the better, but you should still be clearly aware of the various IRS rules that apply to these precious metals IRAs