Silver IRA 

 

Why Go With Silver IRA Specialists?

We are the only precious metals company that will guarantee the setup and funding of your new Silver IRA within 7 business days. The same process will take you a month or more if you look anywhere else, during which time you could be missing out on valuable investment gains.

With global economic uncertainty growing daily, more and more investors are deciding to place physical precious metals in their IRA accounts.

How do I set up a Silver IRA?

STEP 1
Assemble the following items:
• Copy of account statement with your current custodian
• Copy of identification (driver’s license, passport, or other id)
• Copy of identification for your beneficiary (if you have more than one, we need id for each person… if you don’t have a beneficiary, disregard)

STEP 2
Call a Silver IRA Specialist at 1-855-343-4653 and we will handle the process from start to finish.

Silver IRA Questions

What are the advantages of owning silver in my IRA versus stocks or bonds?
By setting up a Silver IRA you have the option of allocating physical silver into your portfolio along with other investments such as stocks, bonds, and mutual funds. By allocating the physical asset into your portfolio, you are now hedged against the risk of paper asset depreciation, a risk that all of your other investments could be exposed to. The bottom line is that you must set up a Silver IRA in order to put physical silver in your retirement portfolio.

Can I Place Silver In My Retirement Account?
Yes you can, however most custodians restrict their customers from placing physical precious metals in their retirement accounts because precious metals are a static asset that cannot be traded and thus do not generate commissions for the custodian. For this reason, most custodians do not want their customers to know that placing physical precious metals in a retirement can be done by simply setting up a Precious Metals IRA, and that’s exactly what we are here to assist you with.

Why Should I transfer my assets into a Silver IRA?
Silver is one of the truest forms of currency that has ever existed. The value of silver cannot be manipulated by governments, central banks, or politicians. Silver also has many industrial applications that will continue to drive demand long into the future as emerging economies continue to expand and world populations continue to grow. Silver has been a secure source of wealth for thousands of years and will continue to serve that purpose within your Silver IRA.

What kind of economic conditions are conducive for returns in my Silver IRA?
The price of silver tends to increase during times of economic uncertainty, high government debt levels, and anticipated inflation. Silver also has many industrial applications so it also does well during times of economic expansion.

What precious metals are allowed in my Silver IRA?
• Gold American Eagles• Gold Austrian Philharmonics• Gold Canadian Maple Leafs• Credit Suisse Gold Bars• Pamp Suisse Gold Bars• Gold American Buffalos• Silver American Eagles• Silver Austrian Philharmonics• Silver Canadian Maple Leafs• Platinum American Eagles• Platinum Australian Koalas• Platinum Canadian Maple Leafs• Gold American Eagle Proofs• Silver American Eagle Proofs

Are precious metals the only asset I can have in my Silver IRA?
No, your Silver IRA is also referred to as a self-directed IRA, which gives you the ability to select from a wide variety of assets depending on your risk appetite. These assets include, but are not limited to bonds, mutual funds, real-estate, and index funds. You may also configure your Self Directed Silver IRA account so that you have access to trading equities or futures on whichever platform you desire. A Silver IRA makes it easy for you to configure your portfolio in whatever manner you see fit.

When and how will I receive my Silver IRA account statements?
All statements are sent out quarterly via mail or email depending on your preference. Your Silver IRA account can also be customized so that alerts are sent you when certain account value parameters are met.

What kind of fees do I have to pay when setting up a Silver IRA?
The following fees apply in setting up a Silver IRA:
• $75 ONE-TIME set-up fee (includes wire transfer)
• $125 Annual Storage / Insurance Fee

How long does it take to transfer my IRA from my previous employer into a Silver IRA?
This process can take anywhere from 7-10 business days, however it can be expedited to 3-5 days in the event a time sensitive purchase needs to take place. The expedited processing fee is $50. Silver IRA specialists works directly with your current custodian to ensure that the process is complete as soon as possible.

How do go about receiving more information from Silver IRA Specialists?
Simply call 855-343-4653. Account Representatives are available 24/7 with the exclusion of major holidays. You may also request a Free Silver IRA Guide for an extensive introduction to the Precious Metals Market.

Can I take physical possession of the precious metals that I have purchased?
You may take possession of the precious metals once purchased, however if you are setting up a Silver IRA your metals must be sent to a depository. All clients who purchase metals that are not being placed in an IRA/Retirement account have the option of taking physical delivery or placing their metals in a storage facility. Taking physical possession of the metals usually occurs within 3 to 5 days following the transaction.

Do I always have the option of storing my precious metals if I choose not to take physical delivery?
Some states require individuals to take physical possession or their precious metals; however the answer is almost always yes. Silver IRA Specialists will provide you all the necessary information to determine if third party storage is acceptable within your state.

How long does it take for me to receive my Precious Metals?
Silver IRA Specialists will deliver your metals to you or a designated depository within 3 to 5 days following finalization of the transaction. An Account Executive will notify clients if a package is anticipated to take longer than 5 days.

How does Silver IRA Specialists make its money?
Silver IRA Specialists charges a spread over the spot price of the precious metals that are being obtained for our clients. Our industry affiliations and exchange memberships allow us to obtain precious metals at wholesale prices, ultimately providing our customers with highly competitive pricing.

Common Terms in Precious Metals Transactions

Ask – The offer or selling price of the precious metals.

Bid – The price at which the precious metals are being purchased.

Coin Grading – This is the process by which a coins condition is graded to determine its worth. The most widely utilized grading scale in precious metals is a numerical scale from 1-70, the higher the number, the better the coins condition.

Markup – The difference between the cost of good and its selling price.

Melt Value – The value of a coin or bar’s based strictly upon its metals content multiplied by the spot price of the metal. A melted coin with exactly 1 ounce of pure silver would be worth whatever the spot price of silver is.

Obverse – The front side of a coin, commonly referred to as “Heads”

Reverse – The back side of a coin, commonly referred to as “Tails”

Spread – The difference between the bid and the ask price of whatever is being purchase or sold. For example, a coin that is offered for $60 but is sold for $40 has a spread of $20 or 33%. A spread is not the same thing as a markup.

Spot Price – The current price at which a security, currency, or commodity can be bought or sold at a specified date and time.