Most importantly, silver prices are cheaper relative to gold than they have been in a long time. Silver bars have a much better potential for capital appreciation and, at the same time, serve as a hedge against inflation. Silver has followed gold very closely in the long term. Silver, platinum and palladium together, often called “white metals”, are also highly sought after precious metals.
Holding these assets in a self-directed IRA can add tax benefits and increase the size of your retirement savings. Silver is still a tangible asset with intrinsic value. For example, in the state of Utah, it is still legal tender. Every year, millions of American Silver Eagle and Canadian Silver Maple Leaf coins are purchased as investments.
On the other hand, almost half (45%) of the demand for silver is industrial. In addition to coins, silver can be purchased in the form of bars and rounds. Investors can also increase their exposure by buying shares in publicly traded funds or in companies that search for silver and extract silver. Since it is valued more for its industrial uses than as a store of value, platinum has a shorter history in financial terms than gold or silver.
The same is true for palladium. This makes the market vulnerable to geopolitical upheavals, such as recent mining strikes and labor unrest in that country. The United States Mint issues platinum coins, including the American Platinum Eagle. It is also available at dealerships in the form of bars and rounds.
Investors can also buy exchange-traded funds to expose themselves to platinum. Of all the white precious metals, palladium is the most esoteric and the rarest. Palladium coins are available at U.S. mints.
US, Canada and China, and ingots can be purchased in ingots or in the form of ingots. Investors can also gain exposure through exchange-traded funds or by investing in palladium explorers. The automotive, electronics and solar industries require silver to manufacture their products. A short list includes electronic products, photovoltaics, medical devices, water purification and food hygiene.
According to the Silver Institute, silver is used invisibly in all kinds of things, from washing machines to computers to furniture handles. Platinum and palladium are used to manufacture catalytic converters and technological products ranging from LCD monitors to batteries, electrodes and hard disk drives. They also appear on dental and medical devices. In addition to being diverse, industries that use silver, platinum and palladium are all growing industries.
This will ensure continued demand for these three metals. For example, global car manufacturing, especially low-emission vehicles, has increased by approximately 5% so far this year (201). The margin for growth in the automotive market is especially strong in India and China, two countries with a particular interest in managing greenhouse gas emissions. In the U.S.
In the U.S., the emphasis on shale oil exploration, which relies on converters to process shale gas, is another growing market for platinum and palladium. The IRS approves certain precious metals as assets in an IRA. This includes specific American Eagle coins, as well as gold, silver, platinum, palladium and ingots that reach a certain fineness. However, the IRS requires that all precious metals in physical form be held by a bank or non-bank trustee approved by the IRS.
For those with a less catastrophic outlook and looking for a good long-term investment, platinum has the added appeal of industrial applications (including catalytic converters for cars), as well as luxury items such as jewelry. If consumers start spending again, demand for platinum will increase. However, the attractiveness of palladium as an investment in raw materials is obvious, since the element is found in electronics, from computers to smartphones and LCD televisions. If sales of electronic products increase again, low supply and high demand could result, a hallmark of any good commodity strategy.
Until then, as long as the trend toward hard assets continues, palladium will benefit. For all investors preparing for the apocalypse, physical silver has real monetary potential if they truly believe that the dollar will lose its value. After all, how do you buy cheap basic items, such as food or clothing, with a gold ingot worth thousands or a gold coin worth hundreds? Silver is much more practical. Of course, if you're looking for less of an investment and more for protection against chaos, you can stock up on silver ingots and coins to keep next to your pile of gold.
Rather, the appeal of rare earth metals is the fact that they are the elements of the 21st century, used in space-age equipment, from lasers to superconductors and X-ray machines. If you believe in a high-tech future, which is almost certain except for a complete economic Armageddon, you must believe in rare earths as a good long-term investment. The company has developed a material that can replace gold as a coating material on electrical contacts. Called Silver MaxPhase, the metal alloying material works physically and electrically like gold, but at a much lower cost.
With the fluctuation of gold prices lately, Silver MaxPhase is a welcome and timely innovation. Those alternatives come in the form of metals such as platinum, palladium, copper, silver and rare earths. According to the company, Silver MaxPhase is a replacement material for gold that will reduce the costs of electrical contacts. Each of these alternatives offers their own strengths and weaknesses, but most importantly, they are ways to diversify your stocks away from gold and, at the same time, to stay on solid investments in hard assets.
Silver MaxPhase contact coating (front) replaces expensive gold plating in the production of electrical components. Entrust can help you buy alternative investments with your retirement funds and manage the purchase and sale of assets that are not normally available through banks and brokerage firms. So how do you invest in platinum? Well, as mentioned, platinum coins and ingots can be a good alternative to gold as a tangible investment, when purchased through trusted dealers, of course. .