Pros & Cons of Investing in Silver

Before investing in silver for your retirement, we recommend that you check out the pros and cons of investing in silver. Their are two primary ways that you can invest in silver. You can invest in a silver IRA that will be setup to hold silver coins or silver bars in a government approved depository. The silver will be held within your silver IRA as an investment for your future retirement. The other option is to purchase silver from a silver broker in the form of silver bars, silver coins, or jewelry and store that metal at home or at your preferred bank.

Silver Bars & Coins

We recommend that you invest in silver bars or silver coins through a silver IRA. You can setup an IRA with gold, silver, platinum or palladium. Silver is an excellent choice for an IRA because of the benefits that the metal has to offer. Setting up a silver IRA will require that you purchase silver bars or coins that meet certain IRS requirements and then transfer the precious metals over to a government approved depository that will keep them safe until your retirement.

Pros of Investing in Silver:

  • Higher returns than gold
  • A tangible and finite asset
  • Strong investor demand
  • A hedge against inflation
  • An industrial commodity

Cons of Investing in Silver:

  • No interest
  • Poor liquidiy
  • High premiums
  • Allergies to silver
  • Silver may tarnish

IRA Approved Silver Coins

Investing in silver is an excellent opportunity with some real benefits. It is recommended that you invest 10% to 20% of your savings into precious metals. This is a great way to diversify your portfolio and protect yourself against market risk if something were to happen that might weaken the US dollar. Investing always comes with risk, but their is a lot less risk to your savings if you spread it out over different investments that contain different assets.