Now might be the perfect time to start a silver IRA!
A look back at silver’s gains in 2016 show that silver values have risen 25%, reaching over $20/ounce. This increase surpasses the rate of all other precious metal gains so far in 2016, making silver an ideal choice for a precious metals IRA.
What is a Precious Metals IRA?
A precious metal IRA is a retirement fund that is self-directed and uses precious metals, such as gold and silver, instead of stocks. The goal of a precious metal IRA is to diversify investments and secure wealth in the future. Owning an IRA that is solely funded by precious metals helps offset investment losses that occur in the stock market.
Why is Silver a Good Option for a Precious Metals IRA?
For reasons other than those stated above—a 25% increase in 2016—silver is a great option because of affordability and inflation. Silver is the most affordable precious metal to invest in, with an ounce of silver usually costing something under $20. The value of silver also rises with inflation. In the last 10 years, silver values have doubled. And in the last 15 years they’ve tripled!
How do I start a Silver IRA?
Starting a precious metals IRA means choosing an IRA trustee to manage your account, choosing a depository to store your metals, and then buying IRS-approved metal.
Shop around to find the best rates and metals—coin or bullion—that suit your preference. We invite you start your search by looking right here at Provident Metals. Our IRA-approved silver bullion comes in all shapes and sizes.
Hello I have been buying silver for about 2 weeks now and was wondering what is the best to buy coins or bars? I have been buying 5 oz bars and really like them just trying to make sure I get what’s best
Hey Kevin! Thanks for stopping by the blog. For the most efficient stacking, you want to look at bars; so it sounds like you’re on the right track. Purchasing privately minted bars gives you an easy way to stack with the lowest premiums on your bullion. Stacking 5 oz, 10 oz, or 1 kilo bars are all good options. Just choose the price point you’re most comfortable with, and find a bar that fits the bill! Happy stacking!