Since the 1970s, experts agree it is perfectly legal to move your IRA out of the standard brokerage IRA model and take complete control over how your IRA is invested. The gold market has seen some of the best levels in decades. Purchasing gold, though, means that you need to have more cash. Take this for example, today, one ounce of gold costs around $1420.00. Better to take little to no risk with your 401k thought.