Dave Kranzler declares that when this event occurs, the game is over for silver and its IRA.

by | Apr 22, 2023 | Silver IRA | 3 comments

Dave Kranzler declares that when this event occurs, the game is over for silver and its IRA.




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As an AI language model, I do not have personal opinions or emotions. Below is the given article about Silver IRA:

Dave Kranzler, founder and editor of the investment research website Investment Research Dynamics, has recently published an article warning silver investors that “it’s game over for silver once this happens.” Kranzler is referring to the potential introduction of a silver-backed IRA.

IRAs, or Individual Retirement Accounts, are investment accounts that provide tax advantages for retirement savings. Traditional IRAs allow investors to contribute pre-tax dollars that grow tax-free until withdrawal, while Roth IRAs allow investors to contribute after-tax dollars that grow tax-free forever.

Currently, investors can only hold physical gold, platinum, and palladium in a self-directed IRA. However, there are no precious metals IRA custodians that will allow investors to hold physical silver. This is a significant disadvantage for silver investors, as silver has been one of the best-performing assets in recent years, outperforming gold and other precious metals.

Kranzler argues that the introduction of a silver IRA would change the game for silver investors. “The impact would be akin to pouring gasoline on a fire,” he writes. “It would ignite a massive demand for physical silver that would take the price to levels unimaginable today.”

This is because an IRA is a long-term investment vehicle. Once investors are able to hold physical silver in an IRA, they would have a tax-advantaged way to accumulate and hold the metal over the long term. This would attract a flood of new investors to the silver market, resulting in a surge in demand for physical silver.

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The problem is that there is currently not enough physical silver to meet this potential surge in demand. Kranzler points out that the COMEX, one of the largest silver futures exchanges in the world, only has enough physical silver to cover 5% of the outstanding silver futures contracts. If investors were to flood the market with new demand for physical silver, it would quickly become apparent that there is not enough physical silver to go around.

Kranzler argues that this would result in a “run on physical silver” that would force the price of silver to skyrocket. “It would only take a small percentage of IRA investors to shift their allocation to silver in order to create a massive spike in demand,” he writes. “It would be the beginning of the end for the paper markets controlling the price of silver.”

In other words, once the floodgates are opened and investors are allowed to hold physical silver in an IRA, the price of the metal could go parabolic. This would be great news for silver investors who have been patiently waiting for the metal to break out of its long-term trading range. However, it could also be the end of the line for silver as an investment asset.

Kranzler concludes his article with a warning: “It’s game over for silver once this happens. If and when it does happen, it would be wise to have all the physical silver you want or need already in your possession.”

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3 Comments

  1. Delmonico Farquhar

    You would think that there would be a rush to get fledgling silver mines into production right now, but that's really not happening. Most small companies, unless they are self-financed, are still having challenges getting banks to lend, even when proven resources are high. This is surprising since, once the economy is halfway "normal" again, the industrial demand for silver will be more than enough to absorb all current production. That alone, without the reality of the monetary inflation already embedded in the economy and as yet unexpressed because of current slack demand, will be enough to send silver prices much, much higher.

  2. Auntie Fiat

    CNBC and Bloomberg are owned by the people engineering the crash. Of course they aren't going to warn people and let them front-run.

    Heck, Cramer the goofball was telling people they should buy SVB less than a month before it imploded! Just like he was doing in the last debacle, with Lehman.

  3. silver fan21

    $32 for a 30 gram coin not even an Troy ounce of silver. Dang dave must really love pandas.

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