When people talk of precious metals as investments, they are generally referring to gold, silver, platinum or palladium – each of which has its own unique benefits and can be purchased for physical possession or placement in a Precious Metals IRA.
Here’s a quick background on each metal and its common uses.
Gold has been a highly sought-after symbol of wealth since the beginning of recorded history, often used in jewelry, art, coinage and many other applications. Because it is malleable, resistant to corrosion and conductive of electricity, gold also has practical uses in numerous industries.
Like gold, silver has been used for generations in jewelry, tableware, coinage and numerous other items. Its malleability, heat and electrical conductivity, and unique luster make it practical for a wide variety of industrial, electrical and manufacturing applications.
PLATINUM & PALLADIUM
Platinum and palladium, both recognized by their greyish white luster, are rare precious metals used in many similar applications as gold and silver. Platinum and palladium are both known for their great catalytic properties and are thus used heavily for industrial processes, as well as the manufacturing of jewelry and numerous other items.
IS GOLD A GOOD INVESTMENT FOR LONG TERM?
A long-term investment in gold, either in an IRA or for physical possession, can offer several
benefits – especially with so much uncertainty surrounding the dollar’s decline and the global
“I would think people who are in it for the long term, it looks to me like this would be a very good time to buy… I look at gold as insurance, and others might be just at a time where they can start buying their insurance against the dollar fiasco, and I would say this is as good a time as any.”
Valued solely by their precious metals content and weight, making them attractive to investors looking for liquidity. Select bullion coins are also approved for placement in a Precious Metals IRA.
Those minted prior to 1933. Their value is determined not only by their precious metals content, but also their rarity and condition. This makes them attractive to investors who are looking for added growth potential from those factors.
Valued partly based on their precious metals content, they are also minted in limited quantities with higher production standards than their bullion counterparts. Therefore, their value is also influenced by their scarcity. Finally some types of proof coins, such as the Proof American Gold Eagle and the Proof American Silver Eagle, can be placed into a Precious Metals IRA.