The economy is shaky. Traditional investments like stocks and bonds are volatile and subject to the market whims. The US dollar is getting weaker, meaning people’s wealth and buying power is shrinking. And that’s why more and more investors are turning to precious metal investments, such as:
• A silver IRA.
• A gold IRA.
• Silver coins such as the American Silver Eagle coin.
• Gold coins such as the Gold Buffalo coin.
• Gold bars and silver bars.
• Other gold and silver bullion.
Now it is possible to protect your wealth by investing it in gold and silver.
What are Good Silver Investments?
The best silver investments are silver coins and bullion that are at least .995 pure, which is referred to as investment-grade silver. Indeed, if you’re creating a silver IRA, then you need to work with a reputable silver seller in order to acquire silver bars and other silver bullion that is at least 99.5% pure.
Approved coins for a silver IRA include:
• The American Silver Eagle
• The Canadian Maple Leaf
• The Austrian Philharmonic
• The Mexican Libertad
What are Good Gold Investments?
Just as with silver investments, you want to focus on acquiring investment-grade gold bars, coins and other bullion (.995 pure). If you’re creating a gold-backed IRA, then you can include the following legal tender:
• The Gold Buffalo coin
• The American Eagle
• The Canadian Maple Leaf
• The Austrian Philharmonic
• The Australian Kangaroo
What is a Silver IRA (or Gold IRA)?
These are individual retirement accounts that include tangible gold or silver assets. See the above list for the accepted coins you can include in your silver IRA or gold-backed IRA.
How Much Silver and Gold Should I Buy?
Experts generally suggest that you diversify your investments to include 10% to 30% in precious metals, such as silver bars, the American Silver eagle coin, the Gold Buffalo coin and similar gold and silver bullion. The average investor will likely have between 15% and 20% invested in gold and silver bars, coins and other bullion.
When Should I Buy Gold and Silver?
Right now. There really isn’t any reason to wait to buy 1 oz silver bullion, silver bars, Gold Buffalo coins, American Silver Eagle coins, or any other gold and silver investments. These precious metals are increasing in value. So it is considered as the best way to protect your wealth by converting your cash into silver and gold.
Bio Line – Philip is a guest blogger who blogs on behalf of 57gold.com, the online source that provides trading and investment facilities over Silver, Gold and other precious metals. For more information please visit http://www.57gold.com/
