Silver will soon be an investment that many will be contemplating once it finishes the beat down it has experienced for the past several years. While no one can predict exactly what the final low in silver will be, it is time to consider doing your homework as to which type of silver you wish to buy for your IRA. When I say IRA, I am also including ROTH IRA, SEP, and all of the other types of retirement plans allowed by the IRS.
When it comes to investing in silver there are many investment vehicles to choose from ranging from buying physical bars and coins to the various Exchange Traded Funds (ETFs). This article will explain the fees associated with each investment and analyze the strengths and weaknesses.
Physical Silver in your IRA
Many investors want control of their wealth and choose to own physical silver in their IRA versus a promise of the paper ETFs discussed below. It gives this type of investor the peace of mind knowing they can take delivery of the silver at any point in time of their choosing. Normal IRA restrictions and penalties would still apply. Current taxes would have to be paid on any withdrawals but there is comfort for some knowing they can access their wealth in times of potential financial turmoil.
Self Directed IRA
If you want to invest in physical silver then you need to do it through a company that specializes in alternative assets and offers self-directed IRA’s.
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Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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