Precious Metals

Let’s talk about precious metals…

Gold is a scarce resource that cannot be reproduced, unlike paper currency. Historically, gold has maintained its intrinsic value and continues to be the most sought-after of precious metals.

More scarce than gold, silver’s intrinsic value has increased over the years.- meaning its buying power has increased as well. Silver can be an affordable, cost-efficient way to get started in precious metals investing the metal.

An individual retirement account (IRA) is one retirement strategy. Funds deposited are tax-deferred, which doesn’t mean tax-free – it means you don’t pay taxes now on the money you earn as long as you invest it. Once you cash in on that investment, however, you owe taxes – and this money is considered income on your tax return after the age of 59 1/2.

Did you Know?

Until recently, it was believed that only stocks and bonds could be part of an IRA – but you can also purchase and add precious metals, including gold and silver, to your IRA. The same tax structure applies regardless of the assets. The difference with precious metals is that you have a choice in taking physical delivery when it comes time for distribution or receiving a check for the value of the metal.

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