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
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key monetary policy parameters following the conclusion of its two-day meeting on July 21, 2026, on Tuesday, maintaining its tight monetary policy stance to curb inflation and support macroeconomic stability.
According to the Governor of the apex bank, Mr Yemi Cardoso, who chaired the committee, the Monetary Policy Rate (MPR), which serves as the benchmark interest rate, remains at 26.50 per cent. The MPC also retained the asymmetric corridor around the MPR at +50 basis points and -450 basis points.
In addition, the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45.00 per cent, while the CRR for merchant banks remains at 16.00 per cent. The committee also retained the CRR on non-Treasury Single Account (Non-TSA) public sector deposits at 75.00 per cent, with the liquidity ratio at 30.00 per cent.
The decision reflects the apex bank’s continued commitment to containing inflationary pressures through a restrictive monetary policy while safeguarding the resilience of Nigeria’s financial system amid ongoing macroeconomic adjustments.
By keeping all policy tools unchanged, the MPC signalled its intention to continue managing excess liquidity in the banking sector and maintain stability in financial markets.
The move is also expected to provide greater policy certainty for investors and businesses monitoring the country’s monetary policy direction.
The latest decision also means borrowing costs are likely to remain elevated in the near term as the central bank continues to prioritise price stability over monetary easing.
Analysts had expected the CBN committee to retain the rate after Nigeria’s headline inflation came in at 15.91 per cent as of June 2026, marking a slight decline from 15.93 per cent in May.
However, even as overall price growth has moderated significantly compared to previous periods, food inflation remains a persistent challenge, accelerating to 17.52 per cent in June.
By Aduragbemi Omiyale
Shareholders of Unilever Nigeria Plc will receive an interim dividend of N2 per share, the board of the organisation has said.
The cash reward was announced after the company released its financial statements for the first half of the year ended June 30, 2026.
The payment will be made on Friday, August 14, 2026, only to investors whose names appear on the Register of Members at the close of business on Friday, July 31, 2026.
A quick look at the financial performance of the firm in the first six months of this year showed that revenue improved by 22.22 per cent to N119.9 billion from the N98.1 billion achieved in the corresponding period of last year.
A rise in earnings also resulted in a 16.43 per cent surge in cost of sales, though this did not shrink the gross profit, which rose by 29.93 per cent to N54.7 billion from N42.1 billion. The operating profit stood at N24.4 billion in the period under review, higher than N18.8 billion in the same period of 2025, while the net finance income contracted by 9.43 per cent to N4.8 billion from N5.3 billion due to elevated borrowing costs.
Business Post reports that despite higher taxes paid in the first six months of 2026, the net profit grew by 8.33 per cent to N15.6 billion from N14.4 billion, enabling the board to pass on value to shareholders for their faith in the firm.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week with a 0.52 per cent rise on Monday, July 20, driven by renewed buying interest.
The volume of securities traded during the opening session surged by 6,663.3 per cent to 52.6 million units from the previous 777,002 units, and the value of securities rose by 200.9 per cent to N191.2 million from the preceding session’s N104.2 million, while the number of deals depreciated by 15.2 per cent to 28 deals compared to the preceding session’s 33 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion in trades, and Central Securities Clearing System (CSCS) Plc with 75.4 million units exchanged for N5.3 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
Yesterday, there were two price gainers and three price losers, led by FrieslandCampina Wamco Nigeria Plc, which slid by 66 Kobo to end at N141.15 per unit versus last Friday’s N141.81 per unit, Food Concepts Plc lost 24 Kobo to close at N2.31 per share versus N2.55 per share, and Geo-Fluids Plc declined by 17 Kobo to settle at N2.25 per unit compared with the previous closing price of N2.42 per unit.
Conversely, CSCS Plc chalked up N5.19 to close at N99.33 per share versus N94.14 per share, and Mass Telecoms Plc appreciated by 3 Kobo to sell at 35 Kobo per unit from 32 Kobo per unit.
As a result, the market capitalisation increased by N13.57 billion to N2.606 trillion from N2.593 trillion, and the NASD Security Index (NSI) gained 22.6 points to quote at 4,343.27 points, in contrast to the previous 4,320.67 points.
