How to Open a Silver IRA

Silver is undoubtedly one of the most popular precious metals on the market today. There are plenty of reasons you should consider using it in your IRA. For one, silver is not very expensive. You can easily spend a small amount of money and have a decent quantity of silver added to your portfolio. It is a great investment opportunity as well, with many uses for it in the industry. This makes choosing to invest in silver quite lucrative.

Creating a Silver IRA is a very smart move to make. When you invest in silver and add these physical metals to your IRA, it gives you something tangible and stable to hold onto. What this means is that silver is far more secure than paper money. With paper money, you may experience bouts of hyperinflation during an economic collapse. 

During this time, paper money would lose its value as the cost of living soars. With a Silver IRA, you will feel more at ease knowing your finances have been backed up by something that it everlasting. Your silver will not lose its value. In fact, the price of silver would rise during a time like this, so there is a possibility that it could be worth more than what it was when you first invested in it.

Creating a Silver IRA is not hard to do. It is actually quite easy in most cases. Your Self-Directed IRA means that you, the investor, will have virtually complete control over what you can invest in. The possibilities are endless. With a Self-Directed IRA, you can invest in silver easily. 

Some of the steps you will need to take in order to open your Self-Directed Silver IRA are as follows.

Step 1: 

Find a reputable provider to open your Self-Directed IRA. You will want to be sure that your provider you choose will allow you to buy physical silver and any other investments you are planning to add to your account.

Step 2:

Next you will want to find an approved depository that can hold your silver. There are rules according to the IRS stating that you cannot take physical possession of precious metals you purchase with an IRA. In most cases, the provider you choose will already have an arrangement with an approved depository that can hold your silver for you. If yours does not, you will need to find one that can.

Step 3:

Now you can choose the type of silver bullion you would like to purchase with your Self-Directed IRA. The IRS will allow you to obtain American Eagle, Canadian Maple Leaf, and Australian Philharmonic coins. You can of course, use your IRA to buy silver bars as long as they meet the IRS’s standards for purity.

Now that we’ve covered some of the basic steps to getting started with your Silver IRA, it is up to you to decide if this is the right option for you. Investing in silver, putting it into your Self-Directed IRA, is a very smart decision to make if you would like to secure your financial stability for the future.

To open your Silver IRA today, contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com.

American Silver Eagle

The U.S. Mint announced on Monday that it has 3 million ounces of the very popular American Eagle 2015 silver bullion coins. It plans to sell them on an allocated basis throughout the week after running out of the coins about three weeks prior.

Sales stopped on July 7th after a huge spike in sales which led to a sellout of their inventory. Just this month alone the U.S. Mint has sold about 2.7 million ounces of the popular American Eagle coin. Investors aren’t wasting any time jumping at the opportunity to get their hands on these precious metals.

This is the second time within the past nine months that the Mint has sold out because of the increasing demand for silver coins. In the past, the mint has been forced to ration coins due to the increasingly higher demand.

With silver being the most affordable precious metal, investors and collectors can get more metal for their money. The coin sales information for last month shows that they are at their highest point since January.

The popularity of the American Eagle silver coins is due primarily to how recognizable it is all over the world. It is the most well-known and accepted form of silver bullion on the market today. American Eagle silver coins make affordable investments, beautiful collector’s coins, or even a great gift or award. It is also good to know that these silver coins are the only ones allowed in an IRA.

These silver coins have been around since 1986, being minted by the United States as one-dollar silver coins named “Silver Eagles”. Each coin contains a minimum amount of 1 troy ounce of 99.9 percent pure silver. Because of their low price and beauty, there have been over 130 million of the coins sold since their debut.

The Silver Eagles get their design from the 1916 half dollar “Walking Liberty” by Adolph A. Weinman. It is widely considered to be the most beautiful coin ever minted by the U.S. American Eagle silver coins are also very easy to buy and sell at almost any precious metals, coin, or brokerage company. Prices are based on the market price for silver, plus a premium that will cover the cost of distribution and minting.

According to the U.S. Mint, silver coin sales continue to be on the rise. In previous months, coin sales spiked to 4.84 million ounces. It is starting to seem as if more investors now see the true value of investing in silver.

Silver’s potential is very substantial. All of its uses in the industry alone make it a great investment. When you take into account the affordability and ease of buying and selling, the decision of whether or not to invest becomes clear.

Now that the U.S. Mint has the silver coins back in stock, buyers will have to be patient knowing that they are only selling them on an allocated basis. This is to ensure they do not sell out again quickly before they can completely restock their inventory. With these measures into place, there should soon be plenty of silver bullion coins to go around once more.

To order your American Silver Eagles, contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com or visit behance.net/CapitalGoldGroup.