Now Is The Best Time To Invest In Silver

Silver IRA

What Is A Silver IRA?

A Silver IRA is a unique type of Individual Retirement Account that allows investors to physically add silver to their investment portfolio along with other assets permitted by other IRAs. You can buy silver bars and coins and add them to a Silver IRA as long as they meet the standard quality and purity requirements set by the IRS. However, a Silver IRA has one big advantage over Traditional and Roth IRAs: While a regular IRA only invests in stocks and bonds, a Silver IRA offers you the ability to diversify your portfolio with physical precious metals.

Should you setup a Silver IRA?

Silver IRAs are only tax-exempt assets that you can buy but do not have physical access to. Their value will not fluctuate too much and will grow steadily over time, so this can be a practical way to protect your IRA.
While a silver IRA is not a substitute for a full-fledged IRA, it can be an important part of building a strong and diverse portfolio.

IRAs are an important aspect of retirement planning and it is never too early to start saving. Knowing the pros and cons of a silver IRA can help you create a plan that suits your needs.

  1. Silver Provides Protection
  2. It is Physical Money
  3. It is less costly than gold
  4. Out performs gold in terms of returns
  5. History is on silver’s side
  6. Silver provides Anonymity

Silver IRA The Pros and Cons

Pros

Cons

  1. Silver does not receive interest
  2. There may be complicity
  3. You do not invest in the physical silver you already have