Economy
What Type of Precious Metals Can You Hold in a Gold IRA Account?
Gold has been used as a form of currency for centuries. It is an incredibly valuable metal and is often seen as a sign of wealth and prosperity.
In recent years, it has also become popular to hold gold in a retirement account – known as a Gold IRA Account. There are many different types of precious metals that can be held in a Gold IRA, but in this article, we will focus on four of the most popular: gold, silver, platinum, and palladium.
Each of these metals has unique properties that make it beneficial to hold in a retirement account. Let’s take a closer look at each one!
Gold
Gold has always been seen as a valuable metal, and for good reason. It is rare, durable, and has a long history of being used as currency. Gold is also non-corrosive, meaning it doesn’t rust or tarnish over time. This makes it a great choice for investors who want to hold onto their investment for the long term.
Gold can be bought in a variety of forms, including coins, bars, and rounds. Gold is the most popular precious metal to hold in a gold IRA company and is incredibly valuable. It is often seen as a sign of wealth and prosperity. Gold is also known for its durability, which makes it an ideal metal to hold in a retirement account. Gold is often used as a hedge against inflation. Ever since the U.S. government stopped minting gold coins, the price of gold has been on the rise.
Silver
Silver has a bit of a different history than gold. It has been used as currency, jewellery, and other decorative items for centuries. Silver is also a valuable metal, but it is not quite as rare as gold. This makes it a more affordable option for investors who want to hold precious metals in their retirement account. Silver can also be bought in coins, bars, and rounds.
In addition, silver is known for its industrial applications. It is used in a variety of industries, including electronics, solar energy, and water filtration. This makes it a good option for investors who are looking for exposure to different sectors. Silver is another popular precious metal to hold in a part of gold IRA – silver IRA, as it keeps its value during economic downturns. Keep in mind, however, that silver is more volatile than gold, so it may not be the best choice if you’re looking for stability in your retirement savings.
Platinum
Platinum is a very valuable precious metal and is often used in jewellery and other high-end products. Its history is a bit different from gold and silver, as it was only discovered in the 18th century. Platinum is rarer than gold, but not quite as rare as silver. This makes it a good option for investors who want to hold a precious metal that is less common than gold.
Platinum is kept in the same forms as gold and silver – coins, bars, and rounds. Platinum is also known for its industrial uses, as well as its value as a precious metal. It is often used as a hedge against inflation and economic downturns. Give it a try and protect your retirement savings from inflation and economic downturns by holding platinum in a platinum IRA.
Palladium
What is interesting about palladium is that it is not as well known as the other precious metals. Palladium is a white metal that is often used in jewellery and other high-end products. It is also used in a variety of industrial applications. Palladium is rarer than gold, silver, and platinum, making it a good choice for investors who want to hold a less common metal. Palladium can be bought in the same forms as gold and silver – coins, bars, and rounds.
When it comes to precious metals, palladium is often seen as a good option for investors who are looking for growth potential. This is because palladium is not as well known or understood as other metals, so it has more room to grow in value. Palladium is still a very valuable precious metal. It is also known for its industrial uses, as well as its value as a precious metal. Palladium is often used as a hedge against inflation and economic downturns.
There are a number of different precious metals that can be held in a Gold IRA account. These metals include gold, silver, platinum, and palladium. Each metal has its own unique history and characteristics. When it comes to investing in precious metals, it is important to understand the benefits and risks associated with each option.
By Adedapo Adesanya
Seplat Energy Plc has completed the conversion of its operated onshore oil and gas assets to the fiscal regime of Nigeria’s Petroleum Industry Act (PIA), marking a major regulatory milestone for the company.
In a statement issued on Tuesday, the dual-listed Nigerian energy firm said its subsidiaries, Seplat West Limited and Seplat East Onshore Limited, finalised the conversion from the former Petroleum Profits Tax framework to the PIA regime following the fulfilment of all technical and regulatory requirements.
The PIA, signed into law in August 2021, was introduced to modernise governance, improve transparency, attract investment, and make Nigeria’s petroleum fiscal framework more competitive globally.
The conversion covers assets previously held under Oil Mining Leases (OMLs) 4, 38, 41 and 53. During the first nine months of 2025, these assets recorded an average working interest production of 42,591 barrels of oil equivalent per day, accounting for approximately 31 per cent of Seplat’s total output.
According to the company listed on both the Nigerian Exchange Limited and the London Stock Exchange, the PIA framework is expected to support increased investment, production growth and improved operational efficiency. The anticipated impact of the conversion had already been factored into Seplat’s medium-term guidance presented at its Capital Markets Day in September 2025.
Seplat noted that it executed Conversion Contracts with its joint venture partners in February 2023 and has since worked closely with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to complete the process. New Petroleum Mining Lease (PML) and Petroleum Prospecting Licence (PPL) numbers have now been issued, with PIA-based operations expected to commence from January 1, 2026, subject to regulatory guidance.
Commenting on the development, Chief Executive Officer Roger Brown said the successful conversion reflects the company’s commitment to regulatory compliance and value creation.
“Conversion to the PIA fiscal regime has been an important focus for Seplat, and we are delighted to have delivered, alongside our respective joint venture partners, the conversion of our onshore operated assets within the timeline outlined at our recent Capital Markets Day,” Mr Brown said.
He added that the transition positions the company for improved profitability and stronger cash flow margins in its onshore business.
Seplat also disclosed that it is continuing efforts to convert its offshore assets to the PIA regime, with a target completion date of 2027.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.16 per cent on Monday, December 22 as investors showed hunger for unlisted stocks.
Trading data showed that the volume of securities traded at the session surged by 532.9 per cent to 12.6 million units from the previous 1.9 million units, as the value of transactions jumped by 64.3 per cent to N713.6 million from N80.3 million, though the number of deals moderated by 13.5 per cent to 32 deals from the 37 deals recorded in the previous trading session.
Infrastructure Credit Guarantee Company (InfraCredit) Plc ended the day as the most traded stock by value on a year-to-date basis with 5.8 billion units sold for N16.4 billion, followed by Okitipupa Plc with 178.9 million units worth N9.5 billion, and MRS Oil Plc with 36.1 million units transacted for N4.9 billion.
InfraCredit Plc also finished the trading day as the most traded stock by volume on a year-to-date basis with 5.8 billion units traded for N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 1.2 billion units for N420.7 million, and Impresit Bakolori Plc with a turnover of 537.0 million units valued at N524.9 million.
The unlisted securities market printed a price loser, FrieslandCampina Wamco Nigeria Plc, which dropped 20 Kobo to sell at N53.80 per share versus last Friday’s closing price of N54.00 per share.
However, the loss was offset by the trio of NASD Plc, Golden Capital Plc, and UBN Property Plc.
NASD Plc gained N5.00 to close at N60.00 per unit versus N55.00 per unit, Golden Capital Plc appreciated by 77 Kobo to N8.45 per share from N7.68 per share, and UBN Property Plc improved by 22 Kobo to N2.43 per unit from N2.21 per unit.
As a result, the market capitalisation increased by N3.38 billion to N2.125 billion from N2.121 trillion, and the NASD Unlisted Security Index (NSI) grew by 5.65 per cent to 3,552.06 points from 3,546.41 points.
By Dipo Olowookere
The bulls remained on the floor of the Nigerian Exchange (NGX) Limited on Monday, rallying by 0.26 per cent at the close of transactions.
This was buoyed by the gains recorded by 34 equities on Nigeria’s stock exchange, which outweighed the losses posted by 20 equities, indicating a positive market breadth index and strong investor sentiment.
Aluminium Extrusion gained 9.72 per cent to quote at N13.55, International Energy Insurance improved by 9.69 per cent to N2.49, Mecure Industries rose by 9.64 per cent to N60.30, Royal Exchange expanded by 9.60 per cent to N1.94, and Austin Laz grew by 9.50 per cent to N2.65.
On the flip side, Custodian Investment depleted by 10.00 per cent to N35.10, ABC Transport crashed by 10.00 per cent to N3.15, Prestige Assurance weakened by 7.41 per cent to N1.50, and Guinea Insurance slipped by 7.38 per cent to N1.13.
During the session, investors traded 451.5 million shares worth N13.0 billion in 33,327 deals compared with the 1.5 billion shares valued at N21.8 billion transacted in 25,667 deals in the preceding session, showing spike in the number of deals by 29.84 per cent, and a decline in the trading volume and value by 69.90 per cent and 40.37 per cent apiece.
The first trading session of the Christmas week had Tantalizers as the most active with 50.2 million units sold for N127.5 million, First Holdco transacted 32.6 million units worth N1.5 billion, Access Holdings exchanged 27.3 million units valued at N562.3 million, Custodian Investment traded 22.1 million units for N857.8 million, and Chams transacted 21.3 million units valued at N71.1 million.
When the closing gong was struck at 2:30 pm to end trading activities, the All-Share Index (ASI) was up by 401.69 points to 152,459.07 points from 152,057.38 points and the market capitalisation went up by N256 billion to N97.193 trillion from N96.937 trillion.
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