What is a Precious Metal IRA?
A precious metal IRA is a self-directed IRA, which means that it is one that the investor gets to choose the investments that go into their portfolio. With precious metals, you can add metals such as gold, silver, platinum, and palladium to your investment portfolio. You can also add traditional paper investments including stocks and bonds to your self-directed IRAs.
You can also add other items that are non-paper items to your self-directed IRA. Items such as horses, real estate, private company stock, and oil and gas. These are all great investments for your investment portfolio. Sometimes the best additions to your portfolio are precious metals and they will do well for you. There are many people who can give you Lear Capital reviews, and they all have great things to say about the company. This company can give you great customer service as they help to build your investment portfolio.
Lear Capital
Lear Capital has been around since 1997 giving people great advice on how to add great investments to your portfolio. They specialize in precious metals such as gold, silver, and platinum, and can help you to find these metal, ship them for you, and help you add them to your investment portfolio. They have only the best reviews, having mostly fours and fives on both Google and Trustpilot. The reviews mostly speak about the great customer service they have and their willingness to provide you with the self-directed IRAs that you may want to begin or add to.
Lear Capital also helps you to obtain precious metals that will not go into a self-directed IRA, but into a safe place such as the Delaware Depository. The precious metals that will do you the most good are the ones that Lear Capital specialize in – gold, silver, and platinum. These metals all have a great investment value and are great as investments on their own.
Gold
Gold is the most reliable, and oldest precious metal that you can buy. Gold holds its value when other investments are going downhill. When the economy is not doing well, and paper investments like stocks and bonds are not doing well, then gold will usually increase in value. The reverse can also be true, when the paper investments are doing well, then gold will not be doing as well, but it still holds most of its value.
Gold can be bought as bars, coins, rounds, or even jewelry, it just depends on how much you want to spend and how much you want to buy. Gold prices in today’s market range from a low around fifteen hundred dollars an ounce to tens of thousands of dollars for a kilogram. To find out more about the prices of gold, you can go to this website: https://goldprice.org/. These prices do vary depending on what type of gold you are buying.
Silver
Silver is a less expensive investment to get into, more than a quarter of the cost of a gram of gold. You can buy an ounce of silver for around twenty-five dollars, and a kilogram of silver for around four or five hundred dollars. Silver is much like gold in other ways, the way it holds onto its value, for example.
Silver can also be sold in silver bars, coins, rounds, and jewelry. It can be used in a variety of ways from industry and technology to jewelry and dentistry. Silver is a great metal for beginners to get into because of the inexpensive cost of it.
Platinum
Platinum is another precious metal that is traded around the clock on the commodities market. Platinum has many uses, including industry, technology, and some jewelry. It is also big in the auto industry as many automobile parts are made from platinum. Platinum is used to reduce the harmful emissions of the autos.
Platinum can also be bought in bar, coins, rounds, and some jewelry. Platinum is usually mined in just two countries, Russia and South Africa. Because of this, it is considered rare and therefore it is worth investing in. If you want to more about investing in precious metals such as platinum, read this website here. It will hold its value when times get tough and will always be a great investment for you.
Conclusion
Precious metals are a great investment for anyone, especially those who want to add them to a precious metals IRA. If you are wanting to do that, you need to contact Lear Capital and they can help you do just that. They have been around for over twenty-five years and have been giving great customer service since the beginning. They will be able to help you add to your investment portfolio and help you retire with quite a nest egg.
