Why You Should Consider a Physical Silver IRA

A silver IRA is an IRS approved retirement program. A silver IRA receives all the same benefits as a conventional accredited retirement account. Unlike a conventional accredited retirement account, you can own and physically store silver coins and bars in an IRS approved and tax-deferred retirement account.

The Taxpayer Relief Act of 1997 expanded the physical silver products allowed in an IRA. Allowing silver coins which meet the specified criteria to be physically owned in an IRS approved tax-deferred program.

A silver IRA account offers investors the ability for growth when geo-economic uncertainty is in play. Tax advantages, global liquidity, and additional stability are what a silver IRA can offer. The primary benefits of a silver IRA include serving as an hedge against inflation, providing portfolio diversification, and acting as a long-term store of value.

Let’s review the benefits of a physical silver IRA.

Silver’s inverse relationship to conventional investments

Silver has a comparatively low or negative correlation when compared to stocks and other paper assets. When the values of other assets decrease, physical silver will likely rise in value and promote portfolio balance and stability. For example, in October 2008, the stock market lost approximately 50% of its value. As the stock market was languishing, the spot price of silver increased over 300% within 30 months thereafter.

Unlike many traditional paper investments, physical silver carries zero debt. This means that no one can borrow or loan against your physical silver holdings. When debt is associated with an investment, a higher level of risk is present. Due to the absence of debt, physical silver is considered a conservative long-term investment. Physical silver is free from the risk associated with debt.

Silver coins are not prone to mismanagement or mishandling by corporations or government entities. Owning silver coins in an IRA can help insulate your financial future from the risks involved with a government’s reckless and irresponsible spending.

Physical silver is stored in a physical location

Unlike a conventional retirement plan, a physical silver IRA gives you the ability to know exactly who is storing your physical asset and exactly where your physical asset is located. Furthermore, a physical silver IRA offers investors the added benefit of receiving required minimum distributions (RMDs) in cash equivalency or physical silver.

Establishing a physical silver IRA

Simply contact Orion Metal Exchange. Our in-house and full-service IRA department can help you. They can help you locate a custodian and depository that will best suit your personal needs. They will help you establish a precious metal retirement account within minutes. Then, our IRA department will contact your current retirement account custodian to request the transfer of your retirement account funds. Once your funds are transferred, you will be able to buy, sell, or exchange gold, silver, platinum, or palladium with a phone call. Our IRA department will then insure and ship the precious metals to your insured IRA depository account. A precious metal IRA account allows you the flexibility to buy, sell, and exchange precious metals within your retirement account as a non-taxable event.

Unlike our competitor’s, Orion Metal Exchange offers client access to every legitimate precious metal IRA custodian and depository option in the nation. Every IRA commercial depository we work with is insured by Lloyd’s of London for the value of the precious metal holdings.

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