Silver IRA Companies

IRA is an important aspect of anyone’s retirement planning. Some think that planning for their retirement in their 20s can be very early, but actually, it is not as there is no term “too early” when it comes to your retirement plans especially if you want to enjoy your retirement years comfortably.

If you have not thought of a plan just yet, investing in a silver IRA is strongly recommended.

To help you get to know more about this type of IRA, read this article.

Silver IRA versus Traditional IRA

Silver IRA, including all types of precious metals IRA, are considered to be as self directed IRA, and not done via huge firms like banks. Instead of the traditional route, the IRA account owner should hire a different trustee or non bank custodian keeper to work your account.

While the traditional IRAs are made of bonds and stocks, silver IRAs on the other hand, allow the account holder to have ownership of a real, physical silver.

This is different from buying silver, as if you buy silver through an IRA, you can enjoy tax benefits for IRA but you cannot actually hold the silver you purchased as the silver will be stored in a dedicated depository of your choice.

Setting Up Silver IRA

The company where you plan to create a silver IRA account must be approved by the government, same as with the custodian you will hire to manage your account.

After opening an account and consulting a custodian, what you need to do next is to find an authorized entity where you will buy the silver from, and a trusted depository for safe keeping of the silver you purchased.

Be reminded that all transfers and transactions will only be done by your chosen broker and custodian, respectively.

Advantages And Disadvantages Of Silver IRA

Just like with any investment, silver IRA also has its own set of pros and cons. Knowing all of them is necessary, before you finally choose this type of IRA.

Advantages

So, what are the advantages you can get from the Silver IRA? Here are they:

– It can diversify your portfolio
– It improves your finances
– Silver IRA is highly reliable
– Compared to gold, silver is cheaper
– Value of silver increases over time

Now that you know the advantages, the next thing you need to consider are the disadvantages of investing in silver IRA, to enumerate some of them, here they are:

– There is no interest gained on silver, the only time you can earn from this is if the value of the silver on its own increases
– There can be additional fees you need to cover if you want to invest in silver
– You cannot hold the silver and bring it at home to show to your family and friends

Now that you know the advantages and disadvantages of Silver IRA, it is now your discretion on whether to invest in it or not.

More and more people are getting interested about investing in gold and silver, why not? Gold and silver value increase in time. If this is the route you also want to consider, one of the things you need to make sure you do rightfully is finding a platform to exchange your hard earned money to a gold or silver bullion, coins, or any precious metal so to speak.

One of the most popular platforms as of date is the Goldsilver. Although they receive a C rating in the Better Business Bureau, there is no reason to doubt their legitimacy as indeed, Goldsilver is a legit company where you can invest in gold and silver.

To provide you with the things you need to know about Goldsilver, read the following:

– This company was established in the year 2005
– There are a good number of videos and resources made for their investors available on their website
– Silver and gold coins and bars and good number of pieces of gold jewelry can also be purchased from them
– Segregated and allocated vault storage can be accessed through the Brinks Global Services
– If order is more than $499, shipping fee is free
– If you are planning to sell precious metals, they can buy it from you

Secure Storage

All orders you make are kept in any of their available private vaults under your name. At your discretion, you can sell or transfer your metals any time very easily. You can choose from one of their storage options, segregated or allocated.

Insurance and shipping

One of the things that made them stand apart against their competitors is they offer free shipping for their customers who placed an order of more than $499. Meanwhile, if your order is not more than $499, the shipping fee will be $25.

Also, apart from packing the gold or silver you ordered carefully, they also make sure that it is discreetly wrapped so no one would know what’s inside the package. Included in their shipping is insurance, so in the event of damage or loss, you do not need to be worried as the insurance has it covered.

While some gold and silver investment companies do not offer deliveries outside the country where they are located, Golsilver.com does. Their company ships to almost all international countries.

Selling your precious metals to Goldsilver

Just in case you have gold or silver you want to sell; you can sell it with Goldsilver.com. But they do not buy all precious metals, as for them to buy it, it should be in good condition and re-salable as well.

Is Goldsilver legit?

Yes, according to one esteemed blog, Goldsilver is legit.  It would not have lasted for a long time in this industry if in the first place, they were not legitimate. If you have questions, or you want to know everything about them, you are free to visit their website, contact one of their representatives through chat, email or a phone call.

If you want to invest in gold or silver, or if you want to sell your precious metal, they are a good company to consider as they are indeed, legitimate.