Precious metals are rare, naturally occurring element that carry a high economic value. Normally when people hear the words precious metals they think of gold jewelry or bullion. In addition to gold, precious metals also include silver, platinum, and palladium. These metals are found in mineral ores located in all corners of the globe. While gold, silver, platinum, and palladium are universally accepted as currency for trading purpose, these precious metals also have a wide range of physical and industrial uses. Most importantly, they play a significant role toward investment and carry value in governments, banks and the private sector. All four precious metals are options for your Custom IRA, but they come with different benefits and characteristics. Here’s a quick breakdown of the each precious metal and why investors might choose to hold them in an IRA.
Allegiance Gold: Four Main Types of Precious Metals
Gold is the historical champion among metals, and it’s a great hedge against inflation. Even though the price of gold fluctuates from time to time, gold has always historically trended in a positive direction. Gold is a great safeguard during times when the dollar weakens, the geopolitical climate is unstable or the markets take sudden turns without warning. Plus, while gold is available for purchase, it’s not infinite and is scarce enough to support continued value.
Like gold, silver is a tangible asset you can own, which provides peace and mind for many investors. In the United States, it’s also considered legal tender, which means you might be able to pay for goods and services with it. Silver is used in a variety of non-investment applications, including electronics, so it is highly sought after. While it’s not as rare as gold, the continued use of silver in such a wide range of applications will likely continue to drive up its value for investors in the future.
Platinum is extremely rare — much more so than either gold or silver — which makes it very valuable to investors. If that rarity wasn’t enough, platinum is also used in the automotive industry, and that demand creates even more rarity.
Palladium is the rarest of the four precious metals on this list, making it extremely valuable. Its performance has outpaced that of gold and silver, but the lack of palladium resources may make this a hard precious metal to own in the future.
Whether you want to get in on the palladium rush today or bolster your retirement savings with a Gold IRA, the trusted experts at Allegiance Gold can help. With Allegiance Gold on your side, a Senior Portfolio Manager will develop a tailored strategy of the best ways to optimize your precious metals and allocate variety types of precious metals.
Allegiance Gold: Precious Metals Distribution
Precious metals distribution is what takes place when you withdraw values from your Gold, Silver or other precious metal IRA. In some cases, that involves a distribution of the actual precious metal — in bullion or coin. Those that have no wish to hold the actual physical asset can request that it be converted (or liquidated) into cash.
However you withdraw from your precious metals IRA, Allegiance Gold works to make the transaction easy, secure and fast.
We also work to ensure you get the highest value for your assets. While some dealers typically buy at or below spot price, at Allegiance Gold we provide the highest prevailing price. Depending on the products, we pay you above spot price when possible.
Because factors are constantly evolving, we can’t disclose pricing online. Call Allegiance Gold today to find out how you can liquidate your precious metals from an IRA or personal holding.
Here are the steps you can expect to go through depending on how you’re liquidating precious metal assets.
- Contact us Monday through Friday between 7 a.m. and 5 p.m. PST to lock in a selling price. You’ll need to provide some information about your assets, including type, denomination, and quantity of coins you want to sell.
- Send us the products if you have physical ownership of them. If you’re holding the precious metals in an IRA, we’ll work with you to convert them without you needing to take physical ownership of the metals. Either way, we help you ensure your assets are secured and protected during the entire transaction.
- Receive payment via physical check, ACH or bank wire. Payment is typically issued within one to three business days upon receipt of and inspection of the assets and approval of the sale.