An IRA, or Individual Retirement Account, is a form of retirement pension that provides tax advantages. A Silver IRA is a self-directed IRA account holding tangible IRS-approved silver products. Silver has long been a popular investment, especially in times of economic turmoil.
IRA Silver
IRA Silver is approved silver that is eligible for investment. It must meet the criteria of the IRS. IRA silver must typically meet certain purity levels and fineness requirements. Additionally, it has to have been produced by a reputable bullion mint. The affordability of silver makes it more accessible. You could purchase small quantities over a period of time to build a portfolio.
The Best Silver
When considering the purchase of silver products for your IRA, you need to take the time to research the best silver for your investment. A metal exchange company specializing in buying, selling, and exchanging precious metals, alongside providing IRA services, should be contacted. A reputable company will advise you on the best silver to add to or establish your Silver IRA. They will help you find a custodian who will hold your physical silver, as IRS rules state that this type of IRA cannot be kept at home.
Silver Coins
Certain silver coins that are IRS approved can be purchased for investment. A good starting point could be the Silver American Eagle coin. The 2017 version features fine design and stunning beauty. It contains one ounce of silver. Another popular choice is the collection of coins named Silver America The Beautiful. First produced in 2010, five new designs are released each year by the United States Mint. These quarter-dollar coins contain .999 pure silver with a total weight of 5 ounces.
Silver Bars
Silver bars that meet fineness standards of .999+ are approved by the IRS for investment. A reliable precious metal exchange company will help you purchase silver bars and arrange the storage of your bullion.
