Who is eligible for a Traditional IRA? December 02, 2020 19:22 Updated If you are under age 70 1/2, and have earned income, you’re eligible for an IRA, including one that holds precious metals. Related articles When I sell, how is my money delivered? Do I have to transfer/rollover the entire amount? What kind of precious metals can I invest in? Can I transfer money from an existing IRA account to fund another IRA without incurring any tax penalties? Can I keep my purchased metals at home?