Investing In Silver Bullion Coins
Investing in silver bullion coins does not necessarily involve collecting branded silver coins issued throughout the world. Like gold, silver bullion coins offer a way to invest in precious metals. Since 1997, Individual Retirement Account (IRA) participants in the United States can invest a portion of their portfolio in silver bullion coins and silver bullion bars.
Prior to 1997, the only forms of physical metals approved for investment in IRAs were American Gold and Silver Eagles. With the change, bullion and bullion coins of a fineness equal or exceeding 99.9 percent became eligible for retirement accounts. While the American Eagle is still the only coin specifically approved for investing, Canadian Silver Maple Leafs and similar coins are also eligible. Pre-1965 US 90 percent silver coins of any kind are not eligible for IRAs.
Investing in Silver Bullion Coins for Retirement
You may choose to invest in silver as a portion of your IRA due to the likelihood that prices will raise. While silver still carries some of the risks of investing in stocks, it can be the sturdy foundation of a mixed portfolio. Only a certified depository can hold your silver IRA investment.
The trick to investing in silver bullion coins is to avoid high premiums. With smaller orders, premiums can easily reach upwards of $1 per ounce. Global Bullion Trading Group, Inc. can help you decide if investing in coins or bullion bars is a better choice for your retirement planning. Call 1-800-479-7370 or fill out our convenient online form to gain free access to many resources to get you started investing in silver.