The Price Of Silver
To help you decide on your Silver IRA Investing, we present below a real-time chart of silver prices. It is helpful in deciding the right time to plunge into investing your IRA into silver.
The chart is adjustable according to your needs. You can customize it by putting in the desired Start Date and End Date in the Custom Period Tab. Then, click the Green Button to its right. You’ll then see what happened with the price of silver through all those times.
It’s pretty self-explanatory anyway.
And to help you even more, we have also made a FREE Silver Investment Kit. If you want to claim it, please just fill-out the form on the right hand sidebar of this page. It’s full of professional advice and tips on how you can invest your IRA into silver in the best way possible.
In 1997, the IRS allowed gold and silver IRA investing. This meant that individuals could convert their paper assets into silver bullion bars and coins to invest in their IRAs. The Silver American Eagle coins had a higher premium than gold. This allowance offers a big advantage to silver IRA investors.
Note that, for the silver bullion and the coins to qualify for IRA investments, they must be 99.9% pure. The coins should also serve as legal tender coins. Before investing in a silver IRA, you must identify silver bullion bars and coins that are allowed.
The following is a list of acceptable forms of silver that you can invest in your IRA:
- American Eagle coins
- Silver bars (100 oz. Johnson Matthey bar, 100 oz. Credit Suisse and 100 oz. Pamp Suisse)
- Mexican Libertad coins
- Canadian Maple Leaf coins
- Austrian Philharmonic coins
- Australian Kookaburra coins
Silver bullion serves as a great choice for long-term silver IRA investment. However, their premium is much lower than that of American Silver Eagle coins. The 100 ounce silver bullion bars are very popular to silver IRA investors. This is because they are very convenient to buy, and you don’t have to spend all your money on them since they are more affordable than the Silver Eagle coins. If you are planning for a long term investment, you should go for these silver bullion bars.
Important Things To Note
When investing in a silver IRA, it is important to find a reputed IRA custodian. The IRA custodian will help you to manage your transactions, maintain the assets and keep a record of all your transactions. Any of the leading investment brokers operating in your area can serve as your custodian, or refer you to one.
Another thing you should note when investing in a silver IRA is that you cannot store your IRA silver bullion bars or coins yourself. They have to be stored in a depository institution, which has been approved by the IRS. This guarantees their safety, and that of your investment. However, when purchasing the silver bullion or coin, you can always get an easy access to the physical delivery of it if you want to.
When you purchase IRA silver bullion bars or coins online, they will be shipped to the depository institution. The depository will then furnish your IRA account at your custodian together with a certificate of receipt, which contains the exact details of the silver bullion bars or coins received, and stored for your IRA silver investment.
During the entire period, which you will be investing, you will receive quarterly statements of your silver IRA investment account via email and/or regular mail. You will also have an option to sign up for email alerts regarding your account. These notifications will keep you up-to-date with the movements of your silver IRA account. Additionally, you will be allowed to view your silver IRA investment account any time you want. If you have any queries, you can always call the dealer and the custodian through their phone numbers.
Please fill out this form below to claim your FREE Silver Investment Kit. It will significantly help you in your desire to invest your IRA into silver.
Today, Individual Retirement Account (IRA) investments are no longer restricted to the common paper assets like stock, mutual funds and bonds. Investing in precious metals, including silver, gold and platinum is now also allowed under the US laws. However, these precious metals must fulfill some laid down specifications for them to qualify for IRA investments. The Internal Revenue Service (IRS) also sets out the limit of the maximum investment that an investor can hold in his or her IRA account per year.
Why Invest Your IRA Into Silver?
Silver is one of the best precious metals that you can have as an IRA asset. This is because it has been a very popular precious metal (second to gold) whose value continues to rise everyday. As a result, converting your paper assets into a silver IRA investment will be a very prudent financial decision. The silver IRA will act as a hedge against the depreciation of your paper assets, especially in the current volatile financial markets. Basically, investing your IRA into silver will provide you with a portfolio diversification, which will protect your wealth against inflation in these turbulent economic times.
One of the best things about investing in a silver IRA is that, unlike gold, this precious metal is not bound to any particular type of money. As a result, its value cannot be altered by central banks or governments. For thousands of years, silver has achieved a proven track record of good performance, which continues even in today’s volatile economic climate. These are some of the reasons why you should invest a portion of your IRA in it.
How To Invest In A Silver IRA
If you would like to invest your IRA into silver, you will have to open a new account or start a roll over IRA account. Either of these accounts can be opened with an IRA custodian at his office, or online. The custodian will be tasked with managing your investment. The precious metal dealer will help you to identify a good custodian who can help you realize your investment goals. Once you have secured a reputable custodian, you will have to select the depository institution, which will keep your silver. Again, the dealer can help you select the right depository for you to allocate your funds. After choosing your custodian and the depository, you will have to decide how much you want to invest.
When investing in a silver IRA, it is important to look for a well-known and trustworthy precious metal dealer and custodian. A good dealer or custodian will take you through the entire process of opening a new IRA account. Try to follow all the instructions given by your custodian for opening the account, rolling over your precious metal assets from your other accounts if you have any and for redeeming the silver bullion bars and coins in your account. Your custodian will also forward to you the quarterly account statements of your silver 401k account, which you can use to monitor your holdings.
The rules on precious metals in regard to IRA keep changing from time to time. Therefore, you should regularly check for any annual changes, which may be made to the silver IRA guidelines. Sometimes, the government may allow some other silver coins for IRA investments. Updating yourself with this information will help you to maximize your annual contributions to your silver 401k investment account.
Lastly, it is advisable to diversify your IRA portfolio if you want to achieve success. It is always risky to invest in only in one asset type. Take your time and research other kinds of investments, including mutual funds, stocks, bonds and the money market. Try to add the ones that look promising for a fairly balanced IRA portfolio.
Click Here For More Information About The Silver IRA: www.goldiraspecialist.org/silver-ira
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