Investors seek out silver as one of the most popular precious metals in the market. It's relative affordability and potential for growth make it a prime investment opportunity. The demand for silver has risen considerably in industries like electronics and manufacturing, where it's an essential component of machines and cell phones.
However, finding a reputable dealer and deciding which silver coins or bullion to invest in can be overwhelming. To help you out, we've researched and evaluated three leading silver investment companies. We've analyzed their services and products, including a quick overview of their silver inventories.
Goldco is a top-tier company that offers exceptional services when investing in silver. They cater to various types of silver investments, including those using retirement funds, with specialized IRA experts ready to assist you in creating an account. Goldco's silver inventory comprises numerous eligible products for IRAs, as well as a few non-eligible selections.
Goldco stands out for having the most diverse range of silver products compared to other companies. However, if you're a collector, Augusta Precious Metals might pique your interest with their unique selection of items.
Goldco may be named after gold, but the company offers more than just gold investments. They also feature a range of silver investment options in their inventory, albeit subject to daily availability. However, the prices of these products aren't displayed in real-time on the website, so you'll need to call for confirmation and a price quote.
Most silver products available through Goldco are eligible for holding in an IRA. It's worth noting, however, that some items, such as the collectible Chuck Norris coins, are not eligible. The IRS has specific prohibitions against holding numismatic items in an IRA.
Some of the company's potential silver products include:
Goldco offers a broad and diverse selection of silver coins, making it one of the leading providers in the market. Most of these coins can be held in an IRA, providing a secure investment option for retirement funds. Many coins are produced by prestigious mints, such as the Perth Mint in Australia, the New Zealand Mint, and the US Mint, reflecting their high quality and reliability.
Augusta Precious Metals is a reputable company offering customers valuable services nationwide. Their team includes experienced managers with extensive finance and precious metals backgrounds, providing customers with expert education and guidance. The company gives webinars that can be accessed without any obligation to purchase and free online kits, including downloadable eBooks.
For those who plan to invest their retirement funds with Augusta, there is a minimum purchase requirement of $50,000 for silver or gold. However, this investment threshold ensures a lifetime of ongoing customer service. Whenever you have questions or need updates on the market, your dedicated company representative will be readily available by phone or email.
Augusta's website precisely categorizes its silver products, separating them into two sections: common silver and premium silver. Most of these products are eligible for IRA investments, with some exceptions that can only be purchased using cash. Regardless of the purchase method, all of Augusta's silver offerings are of high quality and well-suited for inclusion in any investment portfolio, whether you are using cash or retirement savings.
Some of the available options in the common silver category are:
The common silver offerings are priced lower than the premium options but offer fewer customization options. This means you may end up with a coin or bar from a random year or a design you didn't choose. If your main goal is to acquire a large quantity of silver, then these options can be a good investment choice. However, if you have specific preferences or requirements, consider the premium silver offerings instead.
Some of the premium silver products include:
Augusta's premium silver offerings are limited, so not all items may be available. Some limited-edition Canadian coins from past years have already sold out, making them unavailable.
American Hartford Gold is a budget-friendly company that offers silver investments to Americans. Their silver products are highly affordable, and they don't have any setup fees or other requirements to open an IRA. They offer complimentary assistance with the necessary paperwork.
AHG buys its inventory in bulk at wholesale prices to offer lower prices to its customers. Customers have reported great pricing through AHG's specials and promotions.
If you find a better offer for a product elsewhere, AHG offers a price match guarantee. Show them the offer in writing, and they'll match it.
AHG offers a diverse range of silver products that surpasses its gold inventory. Most of their silver items are minted from previous years due to the premium prices of recent coins. AHG purchases its inventory in bulk at wholesale prices, allowing it to offer competitive prices to its customers.
Some of the IRA-approved silver products include:
There are a variety of silver products available at American Hartford Gold to choose from. You can choose between getting the most silver for the lowest price or prioritizing certain items that suit your preferences. For instance, some investors prefer proof coins due to their superior quality and potential for financial growth.
Apart from IRA-eligible products, American Hartford Gold offers several silver items that cannot be included in an IRA. This is sometimes due to the coin's purity, while other times, it is because of the type of coin. If you're looking to purchase silver with cash, some additional options are:
By discussing your investment objectives with a representative, you can get recommendations on the best coins and receive a price quote. The representative can inform you about the availability of specific coins in their inventory and help you make an informed decision based on your investment goals.
Also Read : Reviews of Rosland Capital's Gold IRA
Investing in silver has several advantages, including its affordability compared to other precious metals like gold and its industrial uses that can drive demand and potential for growth. However, choosing a reliable and trustworthy dealership is crucial for a successful investment. A good dealership should offer fair pricing and excellent customer service. Selecting a company that provides IRA services is essential if you plan to invest using your retirement funds.
All three of our top-recommended companies offer silver products eligible for retirement accounts and personal portfolios. They indicate on their websites which items can be held in an IRA and which cannot. While obtaining pricing quotes may require a phone call, previous customers have reported receiving reasonable and fair offers.
In general, Goldco is our top pick for investing in silver due to its extensive inventory that offers various items. They cater to both specific requirements and budget constraints. Additionally, their team of retirement specialists can handle all the paperwork and communication on your behalf.
Augusta is a good option if you have significant money to invest. However, their retirement services are only available for investments starting at $50,000. If you prefer cash purchases, they offer bags of silver with varying face values. You can scrutinize each coin to determine its potential resale value.
Our recommended choice for those on a budget is American Hartford Gold. For investors who prefer silver due to its lower cost, AHG provides an affordable option with no setup fees and complete transparency. They often offer special deals and promotions, and their price match guarantee ensures you won't find a better offer elsewhere.