These Are The Best Bold Precious Metals for an IRA

• Gold and silver, along with platinum and palladium, are precious metals.
• Precious metals are shiny, rare, and non-reactive.
• Gold and silver are the most common precious metals, while platinum and palladium are rarer and more valuable.

Gold and silver have been the go-to precious metals for IRA investors for decades. With gold at record highs and showing no signs of slowing down, it's a good time to consider adding precious metals to your retirement portfolio.

Gold

Gold is an excellent investment for an IRA allocation. Gold is scarce, and historically, it has appreciated in value, making it a safe investment. Gold is also liquid, meaning it is easy to buy and sell when the investor wants to liquidate his or her investment.
The price of gold has continually risen, and it continues to do so today. In 2015, gold rose 11.2%-and in 2016, it rose 10.7%. Since the beginning of 2017, gold has risen 4.5%.
In 2018, gold rose 7.7%. In 2019, it rose 4.2%. Since the beginning of 2020, gold has fallen 0.3%.
The price of gold in $10,000 increments is shown below.

Silver

Silver is a popular choice among investors looking to diversify their portfolios by owning precious metals. The metal is more affordable than gold, and a good option for those looking to start investing in precious metals for the first time.
Silver shares many of the same traits as gold when it comes to investing, including:
1. Deferred tax treatment
2. Intrinsic value
3. Limited supply

While the metal is volatile, its high liquidity and relatively low volatility make it a popular choice for IRA accounts.

Platinum

Platinum is 30% cheaper than gold, and prices have been rising steadily over the last couple of years. Platinum is immune to the whims of the economy, and demand for the metal is stable. As platinum is used in catalytic converters for automobiles, its price also reflects global economic growth. Platinum's price isn't as volatile as gold's and it tends to trade within a narrow range.
For 2018, platinum is up 7.3%, according to Kitco.
Palladium
Palladium prices have risen 12% so far this year, according to Kitco. Palladium is also used in catalytic converters. Because of that, its price tends to move in the same direction as gold's. While palladium costs more than platinum, it is less expensive than gold.
In 2018, palladium is up 7.5%, according to Kitco.

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Palladium

Palladium has surged 17% in the past month to $1,303 per ounce, and its price has risen more than 60% in 2019. Palladium's price may be bolstered by a volatile stock market and demand for the industrial metal from automakers. Palladium is used in catalytic converters in cars, and its price has fallen 36% since peaking in April 2011.

Platinum
Platinum surged more than 18% in the past month to $972 per ounce. The metal's price has risen 42% this year as demand for industrial metals has surged. Platinum is used in autocatalysts and jewelry. Platinum has surged 19% in 2019, but its price has fallen 28% since peaking in April 2011.

Gold
Gold has risen 4.4% in the past month to $1,465 per ounce. The metal's price has risen 5.3% in 2019. Gold's price has surged 11.5% in 2019 as the Federal Reserve has continued to raise interest rates.

Silver
Silver has fallen 3.9% in the past month to $15.66 per ounce. The metal's price has risen 2.8% in 2019. Silver's price has fallen 12% in 2019.