Why You Need a Silver IRA Investment
When setting up their IRA, a vast majority of people opt for a regular IRA. While this option sets you up well for your post-retirement life, more individuals are now opting for silver IRAs as they provide added security, and diversity to your portfolio.
If you’re familiar with traditional IRAs, you’d know that your money is used to buy mutual funds and stocks. Meanwhile, a silver IRA enables you to invest in precious metals, specifically silver, which could be particularly beneficial.
The same financial rules apply for both traditional IRAs and silver IRAs, which entails that your investments grow tax-free.
Many people suggest that holding just one metal in your IRA is very risky. Even though that’s true, silver IRAs are naturally diversified in nature since they’re used in multiple industries.
Traditional IRAs that consist of mainly bonds and stocks are vulnerable to unpredictable market trends, especially in times of crisis.
Meanwhile, a silver IRA provides you with peace of mind knowing that the value of silver won’t depreciate regardless of market trends.
Since a silver IRA is less impacted by market changes, it makes them a considerably less risky investment compared to traditional IRAs.
Cheaper than gold
You may have heard about the countless benefits of a gold IRA, but an unavoidable fact is that a vast majority of us can’t afford it. A silver IRA is much affordable in this regard and is significantly more accessible.
On average, the price of gold per ounce is almost thirty times the price of silver. This is why more people are now inclined towards adding to their portfolio by opting for a silver IRA, rather than traditional IRAs or a gold IRA.
Keep up with inflationary pressures
A major factor that influences those looking to set up retirement funds is inflation. It’s the primary reason why people are moving away from traditional IRAs because they feel that the economy is generally susceptible to change.
The fear of currency depreciation is justified as over the years, the devalued currency has led to IRAs that are simply not satisfactory for the average person.
A silver IRA protects you from the chaos of inflation and economic instability, as precious metals tend to thrive in volatile and declining economies.
If you’re convinced by the long-term benefits of a silver IRA investment, reach out to us at Orion Metal Exchange. We’re one of the top silver IRA companies in the country, and ensure that client investment security is our top priority.
Our account managers facilitate you at each stage of the investment process and provide you with market guidance that is beneficial for you. Call us now at 1-800-559-0088 to learn more!