Your IRA is your security for the future when you will no longer be able to work. You want it to remain secure and grow in value so that you can retire comfortably. The problem is, at least traditionally, that many people use their IRA to make investments that are not reliable. Many will buy stocks and shares and should there be any market volatility, they end up losing their savings. One way to avoid this is to invest in precious metals including silver.
Historically, silver, just like gold, doesnt respond to market movements. Inflation could be through the roof and kill off other kinds of investment but silver will retain its value. The economy could collapse as it did not too long ago and you would still have the value of your silver investment intact, in fact sometimes higher because the demand for it rises. That is why silver IRAs are becoming so popular. Instead of taking their savings and investing them in a risky investment that could go up in smoke at any time, people are now buying silver which is stored for them until they retire and are ready to sell. You can be sure that you will make a lot more if you do the same.
If you want to know just how good an investment a silver IRA rollover is consider this: in the past few years, some of the savviest investors have pulled significant funds from their stock market accounts that they have invested in silver. This is because they understand that the value of silver will only continue to rise. If you consider that your IRA only earns 2% a year when sitting in your bank account, wouldnt you rather walk in the footsteps of the savvy investors who have done the homework?
Why not stocks?
Most people who are heading towards their retirement will tell you that they use their IRA to invest in stocks. Some may even insist that it is the best and safest investment. That is not true when you look at what happen in the 2008 economic crisis. Many people lost between 20% and 30% of their stock investments. This is a huge blow to any retirement savings. It would be okay is maybe seniors lived for about 10 years after they retired. The problem is, with advances in healthcare, some of them live for up to 50 years. This means that it their working years they must find ways to maximize on their savings and one of the best ways to do this is with a silver IRA.
Different forms of silver assets
There are two ways you can invest in silver. The first is to buy actual silver in the form of coins or bullion and then either hold it yourself (not recommended) or have it help on your behalf in a government recommended safe house. This kind of silver investing is the best and is the one that most serious investors take up.
The second kind of silver investment that you can do is called Exchange Traded Funds or ETF. This means that the investor is buying the price of silver but will hold a paper instead. They track the price of silver and when they feel that the time is right they can sell. Although people do make money this way, you will make more if you invest in coins and bullion. If you want to have an idea about how much money you can make, consider that between 2006 and 2012 the value of silver grew by more than 300%.
Silver IRAs are one of the best ways that you can secure your future. All you need to do is find the best silver dealer in your area and also monitor the fluctuating prices so that you can know when it is best to buy and sell. If you dont have a silver IRA in place it is high time you looked into the possibility of creating one.