Facts About Precious Metals IRAs
There is only one specific type of IRA account that will allow you to hold precious metals so you will need to speak with a person who is qualified to set this type of account up for you. Then you’ll be on your way to investing in the precious metals that are such a lucrative investment opportunity right now during this rough economic climate. So read on because I’ll fill you in on all of the details that you need to know about this incredible investment opportunity.
What Is A Precious Metals IRA?
Precious metals IRAs are the type of self directed IRA retirement accounts that allow you to hold gold, silver, palladium and platinum in your account as part of your retirement fund. This isn’t some form of stock purchasing at all, although that is possible as well, but we are actually focusing on the physical commodity that these precious metals represent.
So you would be buying for example actual physical gold coins or bars and holding them in your precious metals retirement fund as one of your assets. There are many individuals doing this right now because the value of the US dollar has gotten so weak and they fear for the future of this and other paper currencies. A lot of the big money investors are putting their faith in metals because it’s such a tried-and-tested way of preserving your wealth.
Putting your money in precious metals is definitely a very good way to protect your wealth as they grow in value. Plus this will help to secure your future by not having to stay victim to a falling dollar and other fiat currencies that just aren’t performing the way they once did due to all of the inflation and economic uncertainty in the world today.
Are Precious Metals A Good Investment Right Now?
Precious metals are an incredible investment opportunity at this point in time. They are the one true asset in this world that doesn’t ever seem to lose its value, so having a gold or silver IRA is a tremendous way to preserve your wealth and protect your finances.
If you look at the history of such precious metals as gold and silver, you will realize that they have only gone up in value and have never really lost any significant ground at all. Now don’t get me wrong, gold and silver have had periods where they would temporarily sell off so some of the big investors could capitalize on all of the extra money that they made. But these periods were only temporary and they were just tiny dips in the overall rise of the precious metals market.
Gold is most peoples’ favorite precious metal, and mine too as it happens. Gold has gone up in value in each of the last eleven years. It has increased in value more than 600% in that time. I have written a lot on this site already about the virtues of investing in gold and so won’t repeat any of it here. If you would like more information I would recommend that you skip over to Can You Really Afford NOT To Invest In Gold?
So instead of focusing on gold in this article I would like to bring to your attention the reasons why you should also consider investing in silver and including silver as part of your IRA. Silver is often looked at as gold’s poor relation and for that reason is often overlooked as an investment opportunity.
Silver is actually a tremendous investment opportunity right now simply for the fact that it is a highly sought after commodity that is used in many different areas of business that you probably don’t even realize exist. Did you know that you have silver in your cell phone? Did you know that the computer that you use has silver inside of it? Did you have any idea that the medical equipment that maybe saved your life or the life of one of your loved ones is also being created with silver as one of its components?
Silver is used in so many areas and most people just don’t even realize how valuable it is right now. Even though gold has risen tremendously as far as the dollar amount is concerned, silver has actually gone up even higher than gold percentagewise since the big precious metals bull market started about a decade ago. But silver doesn’t get its due because the dollar amount is still relatively low.
You should look at that as the tremendous opportunity that it is instead of thinking that gold is the only option available to you, and consider including silver in your precious metal IRA too. You’ll be able to buy up a lot more silver and if the indicators are anything to go by, then the precious metal silver is going to be worth a hell of a lot more money in the not too distant future.
How Do I Get Started ?
There are a few ways you can go about opening up a precious metals IRA, and depending on your situation, it’s really going to be up to you to figure out which best suits your circumstances.
If you have an investment advisor that you work with regularly then it would be a good idea to mention it to him or her so that they can begin the process of opening this type of IRA for you. This will allow you to start investing in these wonderful commodities that are truly diamonds in the rough as far as investment opportunities right now.
What If I Don’t Have A Financial Advisor?
If you don’t already have your own financial advisor then I highly recommend you fill out the contact form at the top of this page (‘Request Your FREE Gold Investment & Retirenment Kit‘) and then hit the button to send it in. Doing this will connect you with one of the highly qualified representatives from Regal Assets who are true professionals in the area of precious metal IRA investments. Regal Assets are the company that I deal with exclusively now for all my precious metals dealings and who set up a gold IRA for me. I have no hesitation in recommending them.
You can see a video review I have done of Regal Assets here: Regal Assets Reviewed
Once they have your contact information, somebody will immediately get in touch with you so they can provide you with a free consultation and answer any and all questions you may have. That’s why you must remember to send them your ‘phone number.
You’ve probably already got a list of questions regarding precious metals IRAs such as whether to transfer or rollover your existing 401k or IRA, how you go about setting up a new IRA, how to fund your account, how to go about buying your precious metals and so forth, and I’m confident in saying that the Regal Assets representative who calls you will be able to answer all your questions.
They will also send you your free gold investment & retirement kit which will give you a lot more information and insight into the world of precious metals investing and taking advantage of precious metals to secure your retirement. This is good if you’re brand-new to this type of investing because you’ll learn a lot and you’ll feel a lot more confident in what you are about to do.
The actual process of setting up precious metals IRAs is probably a lot easier and quicker than you think. I have written details of the process I went through step by step here: Step By Step Process
So fill out the form as soon as you’re ready to begin this incredible investing opportunity. And let the good people at Regal Assets set you up so you’ll truly be able to retire knowing that your financial well-being is safe and secure.
Please share this with someone who might be interested
Filed under: Retirement Accounts & Planning