When it comes to the most popular choices for precious metals in an IRA, Gold and Silver definitely take the cake. But platinum is surely starting to carve its strong presence in the precious metals IRA arena. Scarcer than Gold and a much more powerful conductor than Silver, Platinum’s clout has started an ever-growing pool of loyal investors, who have made the choice to get their IRA safeguarded with a metal that has repeatedly proven its worth by surviving numerous economic crashes.
What Exactly Is A Platinum IRA?
A platinum IRA is simply a retirement account that is backed by Physical Platinum (Bars, Coins and Rounds). Like all other precious metals IRAs, a Platinum IRA is actually a self-directed IRA. When you open a self-directed IRA, you have the power to decide which assets you allocate your funds to, not an IRA Custodian.
Almost every type of IRA – Roth IRA, Traditional IRA, SIMPLE IRA, SEP-IRA and other retirement plans such as 401 (k) and Individual (k) can be self-directed.
The Platinum IRA Rollover
If you already have an IRA account, you can simply rollover or transfer a portion of funds from your current IRA to your new self-directed IRA. Once the transfer is completed, you can then purchase as much platinum for your portfolio that you desire. Thus completing your Platinum IRA Rollover.
Any reputable Precious Metals IRA Firm will be able to help to analyze your portfolio and make an educated recommendation as to the portion of your funds you should allocate for maximum risk diversification.
Three very popular investment pieces when it comes to platinum includes Platinum American Eagle coins, Platinum Canadian Maple Leaf coins and Platinum Australian Koala coins. As per IRS requirement, their fineness is 0.9995 or greater.
To make your IRA even stronger and potentially more profitable, you may want to mix things up a bit and invest in a mixture of precious metals such gold, silver, platinum and palladium.
Your metals will be stored in an IRA approved depository since the IRS forbids owners from taking physical possession of their retirement account precious metals.
Make sure your Platinum IRA company works with a fully insured depository so that the safety of your assets is 100% safe.
Why put physical platinum in your retirement account?
Golden years, or platinum years, are meant for celebration…..celebration of the life you have successfully created though years of incessant hard work. The value of your retirement savings is going to decide how financially blissful your golden years will be.
What most people, like you, are finally beginning to realize is that paper currency, such as the dollar, by itself is not primed to hold value for ever. Its stability fluctuates with the political state, social condition and economic situation of our nation.
Paper assets are too dependent, which also makes it too susceptible to corruption by those in power.
Take this for example; right now there are $1.27 trillion in circulation. This number shoots up every minute. The problem is that the more dollars that get printed, the lower their value gets…till one day they may become almost worthless.
What a $10 bill can buy today could be worth $100, ten years from now. The purchasing power of dollars keeps on decreasing as inflation goes up. Dollar devaluation is inevitable, what is completely evident though is its horrendous effects on your savings.
To escape its effects, investors often would turn to stocks and bonds, but the stock market crash of 2008, proved how fickle and volatile the market truly is. It can literally take a nosedive at any given moment.
This is the reason why thousands of Americans are now choosing precious metals as their safe haven. By backing your funds with precious metals such as Gold, Silver, Platinum and Palladium, you are protecting your hard earned money from turning worthless.
Your assets are the tools to bring all your retirement goals to fruition. But for that, your assets need to be strong enough to hold value and flourish when economic uncertainty strikes. Precious metals are the ONLY assets that can do that.
Here are 5 Powerful Reasons Why Platinum Is Considered The Rich Man’s Gold
- Platinum is 30 times rarer than Gold. To produce 1 ounce of platinum requires 6 months of mining on 10 tons of ore.
- Platinum has more industrial uses than both Gold and Silver. More than 50% of the platinum that is produced is used up.
- It is not corruptible. Unlike dollar bills, those in power cannot mine out ludicrous amounts of platinum on a whim.
- Platinum is a very scarce metal that will always hold demand and value, especially as we move even deeper into the information and electronic age.
- Professional investors not only use platinum as a shield against devaluation and inflation but also as a hedge against its more popular cousin, “Gold”.
Shield Your Savings With The Always Valuable- Platinum
With professional advice from knowledgeable brokers your retirement portfolio will be that much closer to invincible once you hedge a portion with precious metals.
If you are a new to world of precious metal investing, call a couple of firms to get a feel for them. Most are available during regular business hours to answer any questions you might have.
And most offer a Free Gold and/or Platinum Investment Guide. Typically, you just fill out your name and phone number and a broker will call you back to confirm your mailing address. This is a great way to learn the ins and outs of platinum investing from the comfort of your own home.