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There’s a wide variety of reasons why people invest in precious metals. Due to the vast number of options it provides, the precious metal market is highly diverse and unique. Gold and silver IRAs not only add diversification to the investor’s portfolio, but they also provide protection against economic security and fluctuating currency values.

person holding coins

Over the course of this blog post, we’ll provide a brief overview of precious metal IRAs, and discuss why getting one is one of the wisest decisions you can make in the current economic climate.

What is a Precious Metal IRA?

To put it in a nutshell, a precious metal IRA is a self-directed IRA account which invests in metals like gold and silver. However, it’s worth noting that the account owner also has the option to invest in assets other than precious metals. Actually, one of the best things about a self-directed IRA is that it provides an opportunity to the investor to hold their traditional bond investments and stock while adding assets of alternative classes. This provides a high degree of flexibility to the investor.

Now that you have an idea of what a precious metal IRA, let’s look at some its advantages.

Hedging Against the Economy

As the economies of the world continue to lose stability, buying precious metals is becoming more and more popular among investors. Despite fluctuations, the values of gold and silver have remained on an upwards trajectory when looked at over the long term. Moreover, trading prices of precious metals generally flow side by side.

Precious metals provide an excellent way of diversifying and hedging against today’s volatile economy. There are products available in every price bracket, which makes precious metals accessible for all types of investors. For instance, for people looking for a small precious metal investment, we at Orion Metal Exchange offer the Gold Royal Mint Polar Bear quarter ounce coin for as low as $393.76.

Securing Your Future

Making the right investments is essential for securing your future, especially in today’s economic uncertainty. Most people who set up a precious metal IRA do so with long-term financial goals in mind. According to Forbes, buying precious metals represents a safe haven approach to diversification, and they can help in hedging against any future economic uncertainties. With some many different products available in precious metals, there are several bases your portfolio can cover.

A precious metals investment company with more than 50 years of experience in the market, Orion Metal Exchange is your go-to silver buying stop. Whether you need an individual retirement account for silver investment or are simply looking to buy some, we’ve got you covered. Check out our free investment kit or get in touch with us for more information.