Is it Risky to Invest in Gold & Silver IRAs?

by | Jan 14, 2024 | Silver IRA | 22 comments

Is it Risky to Invest in Gold & Silver IRAs?




Can you safely store physical gold and silver in a a precious metals IRA? A gold IRA or a Silver IRA is a self directed IRA that allows you to buy physical precious metals as a past of your gold or silver IRA. Precious Metals IRAs can be a great way to protect your wealth. There are several gold IRA scams out there that you need to avoid. Some gold IRA companies in the past have not properly stored metals for the clients. I talk about gold IRA scams and how some companies also try to sell overpriced collectibles as well. I talk to the CEO of SD Bullion in their gold and silver IRA vault about precious metals IRAs. We talk about how SD Bullion now offers the ability for people to set up a Gold IRA and store their metals at the SD Bullion vaults. I am not a financial adviser and this is not financial advice. Below is the information for the SD Bullion IRA program.

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Topics I cover in this video: gold ira, gold iras, silver ira, gold and silver ira, silver and gold ira, precious metals ira, silver directed ira, self directed gold ira, gold ira scams, precious metals ira scam, gold ira scam, gold investing, invest in gold, gold retirement, gold retirement account, gold in retirement account, ira gold, ira silver, can i put gold into an ira, gold in ira, gold and silver in ira, silver in ira, silver in retirement account, invest in silver, silver investing, buy silver, buy gold, sd bullion, sd bullion vault, sd bullion vault tour, sd bullion ceo interview, chase turner sd bullion, gold ira explained, precious metals ira explained, what is a gold ira, what is a silver ira

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#gold #silver #preciousmetals…(read more)


LEARN MORE ABOUT: Precious Metals IRAs

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Are Gold & Silver IRAs Sketchy?

When it comes to saving for retirement, there are various options available to individuals. One of the investment avenues gaining popularity in recent years is the Gold & Silver IRA. However, some individuals may be hesitant to invest in these types of IRAs due to concerns about their legitimacy and safety. So, are Gold & Silver IRAs sketchy?

To answer this question, it’s important to first understand what a Gold & Silver IRA is. Simply put, a Gold & Silver IRA is a self-directed individual retirement account that allows individuals to hold physical gold and silver bullion, as well as certain other precious metals, as part of their retirement portfolio. These types of IRAs are typically managed by specialized custodians who are experienced in handling precious metals.

One of the main concerns individuals have about Gold & Silver IRAs is their safety and legitimacy. There have been cases of fraudulent companies and misleading marketing tactics in the precious metals industry, which has led to a certain level of skepticism among potential investors. However, it’s important to understand that not all Gold & Silver IRAs are sketchy. In fact, there are reputable and well-established custodians and dealers in the precious metals industry who can provide secure and legitimate IRA options.

It’s crucial for individuals considering a Gold & Silver IRA to thoroughly research and vet the custodian and dealer they plan to work with. Look for companies that have a good reputation, have been in business for a significant amount of time, and are properly licensed and insured. It’s also recommended to read reviews and seek recommendations from financial advisors or other trusted sources.

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Another concern individuals have about Gold & Silver IRAs is the potential for market volatility and fluctuation in the value of precious metals. While it’s true that the price of gold and silver can experience significant swings, it’s also important to remember that these metals have historically served as a hedge against inflation and economic uncertainty. Including gold and silver in a diversified retirement portfolio can help protect against market volatility and provide a level of security.

In conclusion, while there may be some sketchy players in the Gold & Silver IRA industry, it’s not fair to categorize all Gold & Silver IRAs as such. With thorough research and due diligence, individuals can find reputable and secure custodians and dealers to help them establish a legitimate Gold & Silver IRA. Additionally, including precious metals in a retirement portfolio can provide diversification and protection against economic instability. As with any investment, it’s important to carefully consider the potential risks and benefits before making any decisions.

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22 Comments

  1. @ugot1try

    Instead of the video having a commercial before it plays, the whole video is the commercial

  2. @carmanmurray754

    @silverdragons the question is do you have a Self Directed IRA SD Bullion?

  3. @Black_Cat_997

    If you want PM exposure in an IRA, where someone else is storing it just buy one or more of the big ETFs (GLD, IAU, SLV etc). Much easier liquidity and these are better suited to the purpose. IMO the purpose of stacking physical PMs is to have some assets outside of the official financial system.

  4. @dubasciver3234

    It would have been nice to know what the fees are. Web site doesn’t really provide details.

  5. @TXMusicDrummer

    I've heard that SD bullion is supposed to have another location in Texas. If that does happen, and their Texas facility stores precious metals for IRAs, then I might consider going that route.

  6. @Charles36.

    SD bullion the best site to get silver or gold but I like to have it in hand

  7. @Matt.P.

    Thats an 11 minute ad. Disliked.

  8. @gregwilusz5696

    I believe in the theory If you don't hold it you don't own it !!!!!

  9. @Stack4Life-yq9hw

    If you don't hold it you don;t own it. Period..

  10. @bigdaddyhoffman1911

    Sweet Baby Jesus! If you don't hold it, you don't own it and that's all I have to say about that. Thanks for the video Sir.. Life is good..

  11. @williamabel9061

    I would trust no one with my money.if you buy on line the government knows .

  12. @ericfleming12

    I am a bit shocked you would promote this idea from SD Bullion after hearing you say many times in your videos that "IF you can't hold it, you DON"T own it". I have been a big fan of your channel for a while, but this video is NOT what I would expect from you. A bit disappointed.

  13. @toplesszombie8445

    IRAs are not worth it. Nothing is protecting your metal from being taken, and many that send you the metal and promise to buy it back have nothing stopping them from changing the premiums of sale and buy back whenever they want.

    If you're worried about storage or security then metals are just not for you.

  14. @ColeDedhand

    Not for me. You do you.

  15. @ReeferGil

    What happened to if you don't hold it you don't own it? Why would anyone want to use an IRA? Nah. I never do it. I do appreciate your video though.

  16. @MrKiwi13605

    Hey Silver Dragons, I know SDB must be audited (books and physical metals) on a schedule to be IRS approved etc, but I live close to them. Can I visit my metals? If the SHTF can I pick my bullion up (take a distribution)?

  17. @kooziesan

    SD bullion sponsors me, I think they're the best, give them your money!

  18. @tgraymk

    It's not a bad idea, but I think I'd be happier if it was a roth IRA. I'd rather pay my taxes on it now instead of paying those taxes on a fixed income.

  19. @NightHiker72

    Yeah But If The Internet Goes Down, A Major Power Black Out Happens, You Cant Get Your Metals! If You Cant Hold It In Your Hands, YOU DONT OWN IT!!

  20. @blueocean7761

    NO IRA stuff for me… just buy it and store it at home

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