Transform Your IRA with Bullionmax and Coast

  • Silver prices have shot up since 2016 due to a supply contraction and increased demand.
  • Silver mining stocks are a class of securities that invest in silver mining companies.
  • Silver prices are driven by both industrial consumption as well as investment demand.

Aging baby boomers and tech-savvy millennials increasingly are buying precious metals for their IRAs. According to 2017 Barron's, 20% of all IRA assets are invested in precious metals, and IRAs are the fastest growing segment of precious metal demand.
Gold and silver are traditionally considered a safe haven. But, when prices get too high, investors buy up too aggressively and prices drop. Actively managed silver funds or silver mining stocks are one way to profit from rising prices.



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IRA Investments: A Quick Primer

An Individual Retirement Account (IRA) is an account offered by many banks and brokerage houses for retirement savings. You can put money into an IRA and invest it in the stock market, bonds, mutual funds, and other instruments. IRAs give you the opportunity to lower your taxable income for the current year and defer taxes on investment earnings until they are withdrawn.

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What Is an IRA?

An Individual Retirement Account (IRA) is a type of financial account, available to U.S. citizens and permanent residents, that permits them to save for retirement on a tax-favored basis.
IRAs differ from traditional and Roth IRAs in that they are funded with pre-tax contributions. Unlike a traditional IRA, a Roth IRA does not have tax-deferred growth. However, it permits tax-free withdrawals in retirement.
IRAs offer several advantages over traditional savings accounts.

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How to Invest an IRA

There are many different ways to invest an IRA. As an investor, you have many options for investing your IRA. However, one option that is often overlooked is the IRA precious metals account.
Gold and silver IRA accounts are a fantastic way to diversify your IRA. With this type of account, you can invest in precious metals, including gold, silver, platinum, and palladium.
Investing in precious metals is attractive for many reasons. Precious metals are considered a hedge against inflation and currency devaluation. Precious metals also tend to be less volatile than stocks or bonds. Regardless of the market's direction, precious metals tend to perform better than stocks.
(For more, check out this guide to investing in gold with an IRA.)



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IRA Investments: The Pros and Cons

The majority of precious metal IRA custodians and banks offer bullion and coins within their scope of allowed investments. The funds are held in a depository, and precious metals are vaulted and stored safely with insurance.
The disadvantage of purchasing precious metals as an IRA investment is that your IRA trustee or administrator must prepare and store the assets, which may incur additional fees. These fees can be substantial, depending on the amount of gold purchased.

Pros

Tax-advantaged retirement accounts, like IRAs and 401(k)s, are a wonderful way to grow your wealth. However, traditional IRAs only let you invest in paper assets, such as stocks and bonds. You can invest in physical gold and silver bullion with an IRA, but you'll need a self-directed IRA custodian.
IRA custodians are companies that manage your retirement accounts for you. They hold and manage your account, provide detailed account statements, and facilitate transactions.
Coast Institutional Services, Inc., is a custodian with an excellent reputation in the precious metals industry. Coast serves over 40,000 clients and manages nearly $1 billion in assets. Coast is a fully accredited precious metals IRA custodian, meaning it has met strict security, financial, and operational standards.
Bullionmax is Coast's online precious metals IRA platform. In the past five years, Bullionmax has helped over 1,000 clients make over $10 million in precious metals purchases.

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Cons

No fee for any purchase or sale
No minimum purchase
No annual account service fee
Does not sell gold, silver, platinum or palladium
Does not sell rare coins
Does not sell collectible coins
Does not sell numismatic coins
Does not sell bullion-backed bonds



Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

Many investors may be surprised to learn that U.S. gold coin-and-bar producers are located in their own backyard. In fact, the U.S. Mint produced 8 percent of the world's gold bullion in 2014. For investors seeking to diversify their precious metals holdings, buying gold bullion coins and bars from the U.S. Mint may be a great way to get started.