Learning Center

Precious metals are rare, naturally-occurring elements 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 purposes, these precious metals also have a wide range of physical and industrial uses. Most importantly, they play a significant role in investments and carry value in governments, banks, and the private sector. All four precious metals are options for your Self-Directed IRA, but they come with different benefits and characteristics. Below, is a brief overview of each precious metal and the reasons why investors might opt to hold them in an IRA.

Gold

Gold is the historical champion among metals and it’s a great hedge against inflation. Even though the price of Gold fluctuates over time, Gold has always historically trended in a positive direction. Gold is a great safeguard in 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 a finite resource, scarce enough to support continued value.

Silver

Like Gold, Silver provides peace of mind as a tangible asset you can own. 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

Platinum is an exceptionally rare metal, far more so than both Gold and Silver, making it highly valuable to investors. Moreover, the demand for Platinum is amplified because Platinum is used in the automotive industry, further contributing to its scarcity.

Palladium

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 to optimally allocate your selected assortment of precious metals.