Silver IRA

silver ira investment

A silver IRA investment is an individual retirement account, an account that functions the same way as a regular IRA account however, instead of holding paper assets, it holds physical bullion coins or bars.

Reasons to Invest in Silver IRA

There are several reasons to invest in silver. The most important are:

  • a) to protect and preserve wealth from unexpected events
  • b) a hedge when the stock market is not expected to do well
  • c) silver is affordable, with less than twenty dollars you can buy an ounce of silver
  • d) silver outperforms gold in a bull market
  • e) silver is undervalued compared to gold

To an ordinary person, a good reason to invest in silver is when paper money is worthless. That has happened several times, especially in the seventies, due to high inflation, paper money even the dollar, lost its value dramatically. Low or negative interest rates are also another reason for an ordinary person to preserve his/her wealth.

There are four precious metals allowed to be held in an individual retirement account, and these are gold, silver, platinum, and palladium. Certain criteria are required for precious metals, in order to qualify as precious metals that can be held in an IRA.  

The precious metals coins and bars must meet IRS fitness standards and must be held by the IRA trustee, rather than the IRA owner.

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IRS Approved IRA Coins and Bullion

When it comes to investing in IRA coins or bullion, not all coins or bullion are approved. That’s because the IRS has placed strict purity rules and requirements. Therefore, all coins and bullion approved, are those who meet the strict IRA rules. The IRA-approved gold should have a purity grade of at least 0,995, for silver 0,999, for platinum 0,9995, and 0,9995 for palladium.

Silver IRA approved

  • 1-American silver eagle coins
  • 2-Australian kookabarra silver coins
  • 3-Austrian Philharmonic silver coin
  • 4-Canadian silver maple leaf coins
  • 5-Mexican silver libertad coins
  • 6-Johnson Matthey silver bar
  • 7-Royal Canadian silver bar.

Silver must be stored in an IRS-approved depository. In particular, investors do not have to stash gold bars or coins in their homes or closets.

silver ira investment

Should I Include Silver in my Retirement Plan?

Silver is the type of investment that can protect you when times are hard and at the same time will also offer significant gains to your nest egg.  Several years ago silver’s price reached almost $50,00 per troy ounce. During that time, banks and currencies collapsed, and the real estate market collapsed, but the price of silver did not.  

In particular, silver fed on these calamities, it was the rediscovered idol, in the time when everything else collapsed, from mortgages, stocks, credit default swaps, and derivative products, all was too complicated to even understand.

As you can see, a standard IRA, an IRA invested totally in stocks bonds and other funds is actually putting your hard-earned money at risk.  You are relying on the government, weak currencies, economies, and large corporations.  Silver and gold can actually safeguard your investment.

Since the 2008 financial crisis, silver and gold IRAs have become very popular. Record silver sales, combined with the appearance of many more, that simplify the transaction, have made investing in an IRA a one-shop stop. The result is robust IRA growth.

Nowadays, it is absolutely necessary for the investor to invest a portion of his/her savings in silver and gold, as the dollar is still weak, there is geopolitical uncertainty, (Middle East, Hong Kong) the country’s (US) trade deficit is out of control, the US-China trade war, Brexit, negative interest rates and quantitative easing and the potential inflationary impact of the Federal Reserve’s, stimulus programs.

How does it Work?

It works the same way as a regular IRA account, however, instead of holding paper assets, it holds physical bullion coins or bars.

Finding a Reliable Silver IRA Broker.

It is imperative for the investor to find a reliable silver IRA broker. Choosing the right firm can mean success or failure as a silver owner. Choose the right firm and it will help you protect your assets from economic uncertainties.  

Choose the wrong firm, and your funds can be directed to an assortment of bullion-related investments, investments that are not truly asset preservation vehicles.

For example, silver stocks, silver exchanges traded funds, and mint state and proof coins graded by independent services put the buyer at a disadvantage either by selling for high mark-ups or by putting the whole investment at systemic high risk.

silver ira investment

Check out the comments regarding the firm, especially the complaints, and see how these complaints were handled.  If there is a long list of complaints, then this is a sign to worry about.  Also, check the number of years the company has operated, you want ten years of solid record.  

Finally, the most important is to choose a firm with a commitment to keeping you informed.  Keeping you informed now and in the future.  If a salesperson gives you a short shift or hits you with a high sales pitch, then this is bad news.

In the past, the whole process was complicated and was mainly done by phone.  Today, with the advancement of technology and many more, you can choose a silver broker online and automatically, be assigned an IRS-approved custodian.  

A custodian’s duty is to oversee the whole operation, from application to funding/rollover, purchase, and vaulting.


Investing in a silver IRA is becoming increasingly popular for the modern investor, as silver can offer a number of benefits to the investor. Silver will actually act as a hedge to protect your life savings during bad times.

Silver IRAs require special expertise to value. Although silver has the potential for high returns, it is easy to be blinded by its glitter. If you are considering a silver IRA, my advice to you will be to consult a financial adviser. He will determine how Silver would fit with the overall goals of your portfolio.