Precious Metals Investing

Precious metals investing is a hedge against inflation and the devaluation of the dollar. Owning gold and silver is owning real money. Gold and silver cannot be printed at will. It must be mined. There is a finite amount of precious metals in the ground and more cannot be created.

With the fall of the dollar, the current world reserve currency, it would be wise for all to hedge their retirement portfolio by owning precious metals.

Precious Metals Investing Options

Your precious metals investing portfolio may include gold, silver, platinum, and palladium. Gold and silver, no doubt, are the most recognized precious metals to consider owning.

Precious metals can easily be bought online. Or you can purchase them through local precious metals dealers. Or you can purchase them like a stock in the form of shares in an ETF such as iShares Silver Trust (SLV) or SPDR Gold Trust (GLD).

Owning shares in a silver or gold ETF is not the same as owning the physical metal. You cannot take delivery of the gold or silver bars unless you are very wealthy.

Yes, you can own gold and silver in an IRA. EverBank ( allows you to own gold or silver coins and bars and store then safely at their bank.

Coin dealers also work with a third party known as a custodian. They can help you transfer money from one IRA custodian to another. Lear Capital, is one coin dealer that can help you setup an IRA to hold gold or silver coins. Visit their website at for more details.

Knowing what type of gold or silver to own can be a major decision. Do you want to own bullion coins or bars? Or do you prefer old coins minted a hundred years ago. If you choose old coins, do you want low grade coins near their bullion value, or do you want to invest in high grade rare coins that sell for a premium over their melt value?

Gold and silver numismatic coins are sold based upon their quality and rarity. If you do not know the difference between an MS63 or an MS65 grade coin, you should stick with buying certified coins graded by PCGS or NGC. You can safely buy these coins sight unseen over the phone or Internet.

With uncertified coins, you risk buying a coin at one stated grade, only to find when you sell, that the dealer claims it is a lower grade. You will lose money in this situation. So buy certified coins when buying numismatic coins.

One concern with precious metals investing such as gold and silver, is the issue of confiscation by the government. President Reagan made it legal to own gold again.

Under President Franklin D. Roosevelt, in 1933, gold was confiscated from private citizens so the government could inflate the dollar in attempts to end the depression.

Only "gold coins having a recognized special value to collectors of rare and unusual coins" were spared. (cited from

Could the government repeat this theft? Yes, and it could very well happen in the near future. To make matters worse, "Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration."(cited from

Precious metals investing is a hedge against inflation and the devaluation of the dollar. Owning gold and silver is owning real money. Protect yourself by investing in precious metals.

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