IRA Approved Silver – What You Need to Know

Dave LindahlGold & Silver Market, Retirement Planning

Key Insights
Silver in IRAs: Boost your retirement savings with tax-efficient silver investments in your IRA.
Silver Market Strategy: Adjust your silver investments with market trends for a stronger precious metals portfolio.
Choosing IRA Silver: Select IRS-standard, high-quality silver from trusted mints for your IRA.
Easy Silver Investing: OWNx simplifies silver investing, ideal for beginners to start small and diversify.
Silver Investment Variety: Explore a range of IRA-approved silver options, from coins to bars, to suit diverse investment strategies.
Understanding IRA Silver Rules: Master the tax and investment guidelines of Traditional and Roth IRAs for effective silver inclusion

OWNx makes it simple to invest in precious metals.

The Benefits of Fractional Silver Ownership with OWNx

IRA Advantages

Investing in IRA-approved silver brings significant benefits. The main advantage is the tax benefit that comes with Individual Retirement Accounts (IRAs). Silver, being a physical asset, aligns well with IRA rules and offers a stable investment option. OWNx’s platform enhances these benefits by making it easy for investors to buy and sell silver within their IRA. This flexibility is especially useful in a fluctuating market, as it lets investors adjust their IRA approved gold and silver holdings quickly and efficiently.

Affordable Fractional Ownership

OWNx’s innovative fractional ownership model opens up the silver market to investors at a more reachable price. This approach makes investing in silver accessible to a broader range of investors, not just those with significant funds. At OWNx, even investors starting small can get a slice of the action, buying parts of larger silver bars or coins. This approach democratizes investing in precious metals, making it possible for more people to diversify their portfolios.

Maximizing Your Silver Holdings

The ability to grow your silver holdings in your IRA is crucial. As silver prices fluctuate, being able to adapt your investments to these changes is a key advantage. This strategy allows you to leverage market trends and strengthen your precious metal assets. It’s an essential approach for investors, both experienced and beginners, aiming to enhance the growth of their portfolios.

Understanding IRA-Approved Silver Products

For silver to be eligible for an IRA, it has to meet specific purity requirements set by the Internal Revenue Service (IRS). It also needs to be produced by either a national government mint or a recognized manufacturer. Popular IRA-approved silver items include the American Silver Eagle coins and bars from reputable mints like the Royal Canadian Mint and Sunshine Mint. Getting to know these qualifications is vital for investors who wish to add silver to their IRAs.

Investing in IRA-Approved Silver Coins 

When you’re looking to invest in silver, the option of fractional ownership is a game-changer. This approach lets you invest in parts of large IRA-approved silver bars and coins, making it both accessible and cost-effective. But, if you’re considering specific bars or coins, it’s important to know which ones are IRA-approved. Here’s a rundown of the most common IRA-approved silver coins and bars, ensuring your investment is in line with IRA regulations.

IRA-Approved Silver Coins

  • American Silver Eagle
  • Proof Silver American Eagle
  • Canadian Silver Maple Leaf
  • Silver Vienna Philharmonic
  • Australian Kangaroo
  • Mexican Libertad
  • South African Silver Krugerrand
  • Chinese Silver Panda
  • British Silver Britannia (from 2013 onwards)
  • Silver Morgan Dollar
  • Silver Peace Dollar
  • Austrian Silver Vienna Philharmonic
  • Australian Silver Koala
  • Australian Silver Lunar

Most Common IRA-Approved Silver Bars

If you’re interested in silver bars for your IRA, consider these widely trusted and IRA-approved options. Each bar meets the stringent standards for IRA eligibility, assuring both quality and adherence to regulations:

IRA-Approved Silver Bars

  • Johnson Matthey Silver Bar
  • PAMP Suisse Silver Bars
  • 10 oz Sunshine Silver Bar
  • A-Mark Silver Bar
  • Walking Liberty Silver Bar
  • OPM Silver Bars
  • RCM Silver Bars

Remember, to qualify as IRA-approved, silver bars need to be produced by an assayer or refinery approved by COMEX or NYMEX and must have a purity level of at least 0.999. In the same vein, the coins must also adhere to these purity levels and be minted by an official national government mint.

IRA Rules and Regulations

Knowing the differences between Traditional and Roth IRAs is key to effective retirement planning. Each type of Individual Retirement Account offers distinct tax benefits and operates under specific rules, catering to different financial needs.

Traditional IRAs

Traditional IRAs feature tax-deferred growth. Contributions to these accounts may be tax-deductible, and taxes are only paid upon withdrawal, typically during retirement. This can be particularly beneficial for individuals in higher tax brackets now who expect to be in a lower bracket after retiring.

Roth IRAs

Roth IRAs, in contrast, provide tax-free growth. Contributions are made with after-tax dollars, so withdrawals during retirement are not taxed. This is ideal for individuals who anticipate being in a higher tax bracket in the future, or for those who prefer the assurance of no taxes on their retirement withdrawals.

Both account types have their own set of rules regarding contribution limits, eligibility based on income, and conditions for withdrawals. They also offer a range of investment options, including stocks, bonds, and under certain conditions, precious metals like silver and gold. Fully understanding the structure and benefits of these IRAs is crucial for making well-informed decisions for a secure and prosperous retirement..

OWNx: Guiding Your Silver Investment Journey

OWNx is committed to a seamless and transparent experience in silver investing. Their platform is designed for investors at all levels, offering insights, tools, and support needed to make well-informed decisions. Whether you’re new to silver investments or looking to grow your existing portfolio, OWNx is a trustworthy and reliable partner in your investment journey.

FAQs

What Makes Silver Eligible for IRAs?

Silver is considered IRA-approved when it meets the IRS’s specific purity requirements. This includes silver bullion coins and bars sourced from accredited manufacturers. Typically, to be eligible, silver needs to be 99.9% pure and produced by recognized mints, such as the Austrian Silver Philharmonic or other national government mints.

How Does Fractional Ownership Work at OWNx?

Fractional ownership with OWNx enables investors to own portions of larger silver and gold bullion assets. This method makes investing in IRA-approved precious metals more accessible, as you can invest in smaller, manageable parts of gold coins or silver bars, still enjoying the security and growth potential of the full asset.

Can Gold Coins Be Part of a Precious Metal IRA?

Yes, certain gold coins can be included in a precious metal IRA. These coins, including gold bullion coins, must meet the IRS’s purity criteria and be minted by accredited sources, ensuring your IRA investment is both secure and compliant. Buy gold here.

What Benefits Do Silver Bullion Coins Offer in Silver IRAs?

Incorporating silver bullion coins into a Silver IRA provides diversification, a potential hedge against inflation, and growth opportunities. Coins like the Austrian Silver Philharmonic are popular for their purity, legal tender status, and global recognition.

Are Proof Coins Suitable for a Roth IRA?

Yes, some proof coins are suitable for inclusion in a Roth IRA, as long as they meet the IRS’s minimum purity requirements. This includes select gold and silver proof coins valued for their collectability and investment worth.

What Are the Main Advantages of Silver IRAs?

Silver IRAs offer several benefits, including portfolio diversification, potential protection against inflation, and the stability of owning tangible assets. This type of IRA permits investments in physical silver, like bullion coins or bars, serving as a hedge against market fluctuations

OWNx makes it simple to invest in precious metals.

Like it? Share it!

IRA Approved Gold – What You Should Know

OWNx TeamGold & Silver Market, Retirement Planning

Key Insights
Gold IRAs offer protection against economic downturns and market volatility.
OWNx facilitates fractional ownership of large, IRA-approved gold and silver bars, enabling instant IRA transactions and competitive pricing.
A range of IRA-eligible gold coins and bars provide diversification, quality, and investment flexibility.
Gold IRAs offer tax advantages, portfolio diversification, and a safeguard against diminishing purchasing power.
Withdrawing before age 59½ can lead to penalties, making it important to choose a reputable company like OWNx for Gold IRA guidance.
Compliance with IRA-specific rules and the requirement of IRS-approved depositories are essential for the security of gold investments.
As the gold IRA market evolves, OWNx remains at the forefront, offering diverse gold investment options suitable for various IRA types.

OWNx makes it simple to invest in precious metals.

Understanding IRA Approved Gold

When it comes to securing your retirement against the unpredictability of the stock market, turning to gold IRAs emerges as a prudent strategy. Gold, often seen as an excellent hedge against inflation and market volatility, is a preferred choice for diversifying retirement funds.  However, if you’re considering adding gold to your retirement strategy, it’s important to understand the concept of IRA approved gold.  This includes gold coins like the American Eagle and the American Buffalo, and bulk gold in bars produced by certified manufacturers. Notably, collectible coins usually don’t meet the criteria for IRA investment.

OWNx: A Gateway to Fractional Gold Ownership

The OWNx platform revolutionizes the way you can interact with gold and silver, offering fractional ownership of large, IRA-approved bars. This approach enables investors to buy and sell within their IRA instantaneously, secure metal at competitive prices, and maximize their ounce holdings. Embracing bulk gold in your IRA strategy aligns seamlessly with the tax-deferred nature of retirement accounts, allowing you to accumulate more metal, ensuring steady growth and shielding against the volatile numismatic values of certain coins.

Please note: The OWNx platform enables you to own gold and silver in the form of fractional ownership of IRA-approved large gold and silver bars.
The benefits of this are the ability to:

  1. Buy and sell gold and silver instantly within your IRA.
  2. Obtain metal at the lowest possible price.
  3. Maximize the number of ounces you hold.

Diverse IRA Eligible Gold Coins

Diversification is key in gold IRAs, and this is where IRA eligible gold coins come into play. These coins, ranging from American Gold Eagle bullion to Australian Kangaroo/Nugget coins, adhere to stringent quality standards. They must originate from NYMEX or COMEX-approved refineries or national government mints, meeting essential fineness criteria. These coins, including the British Gold Britannia and Chinese Gold Panda, are popular for their reliability and quality, making them a staple in gold IRA portfolios.

Most Common IRA Eligible Gold Coins

Here are some of the most common IRA eligible gold coins that are popular among investors for their reliability and adherence to quality standards:

  • American Gold Eagle bullion coins
  • American Gold Eagle proof coins
  • British Gold Britannia coins (from 2013)
  • British The Queen’s Beasts coins
  • British gold Shēngxiào Lunar Series coins
  • Canadian Gold Maple Leaf coins
  • Austrian Gold Philharmonic coins
  • Australian Kangaroo/Nugget coins
  • Chinese Gold Panda coins
  • American Gold Buffalo uncirculated coins (proofs not allowed)​​.

Best IRA Approved Gold Bars

For those inclined towards gold bars, a range of IRA-approved options awaits. Each type of bar, from the 1 oz PAMP Suisse to the 400 oz London Good Delivery, offers unique benefits tailored to different investment goals. These bars, known for their purity and credibility, include the 10 oz Credit Suisse and Kilogram Perth Mint bars, making them a secure choice for your gold IRA. With OWNx, these bars become accessible, allowing for a diversified and robust gold IRA.

IRA Approved Gold Bars

  • 1 oz PAMP Suisse Gold Bars: Highly regarded for their purity, perfect for personal portfolios.
  • 10 oz Credit Suisse Gold Bars: A balance of value and manageability, known for quality.
  • Kilogram Perth Mint Gold Bars: Ideal for substantial investments with lower premiums.
  • 100 gram Royal Canadian Mint Gold Bars: Flexible and valuable, a mid-range investment choice.
  • 50 gram Valcambi Gold Bars: Suitable for incremental strategies, smaller and practical.
  • 1 oz American Gold Eagle Bar: A U.S. favorite, combining trust and prestige in a compact form.
  • 10 oz American Gold Buffalo Bar: Offering U.S. mint craftsmanship, a blend of heritage and value.
  • 400 oz London Good Delivery Gold Bars: The gold standard for significant, long-term investment.

Benefits of Investing in Gold IRAs

  • Tax Advantages: With a traditional gold IRA, your contributions might be tax-deductible. Plus, your investment grows tax-free until withdrawal.
  • Portfolio Diversification: Gold often moves in a different direction to stocks and bonds, offering a balancing effect to your overall investment strategy.
  • Inflation Protection: Historically, gold has been a reliable asset during high inflation, preserving its purchasing power.

OWNx makes it simple to invest in precious metals.

Understanding Early Withdrawal Implications

It’s crucial to remember that withdrawing your gold from an IRA before age 59½ could lead to penalties. Consulting with a financial advisor is advisable before making such decisions.

Choosing the Best Gold IRA Company

When selecting a company for your Gold IRA, it’s important to consider their expertise, fee structure, and customer service. OWNx stands out as a top choice due to its straightforward and transparent approach to Gold IRA investments. With OWNx, you gain access to a broad range of IRA-approved gold options and benefit from their expert guidance, making the process of setting up and managing your Gold IRA both simple and efficient.

Understanding IRA Rules and Regulations

Different IRAs, Different Rules

Each IRA type offers different advantages and limits. For example, traditional and Roth IRAs have contribution limits and withdrawal restrictions. Self-directed IRAs offer more flexibility but might have higher fees.

The Importance of an IRS-Approved Depository

All IRA eligible gold must be stored in an IRS-approved depository. This ensures safety and compliance with IRS regulations. OWNx enhances this security aspect by offering storage for your gold, silver, platinum, and palladium at world-class non-bank depository facilities located in Delaware and Texas (USA). These facilities are internationally recognized for their robust security measures, ensuring the safety of your investments. 

The Future of IRA Approved Gold Investments

Keeping Up with Emerging Trends

The gold IRA market is evolving with new options like futures, ETFs, and mutual funds. Traditional investments in bars and rounds remain popular.

A Bright Future Ahead

With a range of options available, the future of IRA approved gold investments looks promising. Whether you prefer physical gold or other investment vehicles, there’s likely an option for you. OWNx offers a variety of gold investment options suitable for IRAs, catering to diverse investment preferences. This flexibility, combined with adherence to IRA regulations, makes OWNx a practical choice for those looking to include gold in their retirement portfolios.

By following the guidelines, you can start building a secure future today. Investing in IRA approved gold offers peace of mind and a hedge against market volatility.

FAQs

How Do Gold Bullion Coins Fit into a Gold IRA Account?

Gold bullion coins, like the American Eagle and American Buffalo, are key IRA eligible gold products, offering a way to diversify Individual Retirement Account portfolios.

What Role Do Gold Mining Companies Play in Gold IRA Investments?

Gold mining companies provide alternatives to physical gold in Gold IRAs, influencing the availability and price of IRA eligible gold products.

What to Know About Purchasing IRA Eligible Gold?

When buying IRA eligible gold, ensure the products, like certain gold bullion coins and bars, meet IRS purity standards and are from certified manufacturers.

Can Gold Bullion Be Part of Precious Metals IRAs?

Yes, gold bullion, including specific high-purity bars and coins, is allowed in Precious Metals IRAs, serving as a hedge against market instability within Individual Retirement Accounts.

What Benefits Does a Gold IRA Account Offer?

A Gold IRA account, within an Individual Retirement Account framework, provides portfolio diversification, potential tax benefits, and inflation protection.

How Do Precious Metals IRAs Differ from Regular IRAs?

Precious Metals IRAs include physical assets like gold, silver, and platinum, offering additional security against economic uncertainties, unlike regular retirement accounts.

What Should You Consider When Setting Up a Precious Metals IRA?

Setting up a Precious Metals IRA involves choosing a reliable custodian and understanding the rules for IRA-eligible gold and other precious metals, ensuring that your investments comply with IRS regulations and align with your financial goals.

OWNx makes it simple to invest in precious metals.

Like it? Share it!
Platinum and silver value

Why is Platinum Cheaper than Gold?

OWNx TeamGold & Silver Market

Platinum is one of the rarest and most valuable metals in the world, yet it is often cheaper than gold. This may seem counterintuitive, but there are several factors that influence the pricing of these precious metals. In this section, we will explore these factors and provide insights into why platinum is cheaper than gold.

Key Insights
Platinum is a rare and valuable metal that is often cheaper than gold.
The pricing of precious metals is influenced by a variety of factors, including market dynamics, industrial demand, and historical trends.
Understanding these factors can help investors make informed decisions about whether to invest in platinum or gold.
Despite being cheaper than gold, platinum has significant industrial applications and is a popular choice for jewelry and other luxury goods.
Ultimately, the decision to invest in platinum or gold should be based on individual financial goals and market conditions.

OWNx makes it simple to invest in precious metals.

Understanding Precious Metals

If you’re interested in platinum and gold, it’s important to understand the nature of precious metals. Precious metals refer to naturally occurring metallic elements that are highly valued for their rarity, beauty, and durability. These metals have been used for a range of purposes throughout human history, including jewelry, currency, and industrial applications.

The four major precious metals are gold, silver, platinum, and palladium. Gold is the most well-known and widely used of the precious metals, with a long history of use in jewelry, currency, and investment. Silver is the next most commonly used precious metal, with a wide range of industrial and decorative applications. Platinum and palladium are also used in jewelry and in a variety of industrial processes.

When it comes to jewelry, gold and platinum are the two most popular precious metals. Gold is available in two colors: yellow gold and white gold. Yellow gold is made by mixing pure gold with other metals such as copper and silver. White gold is made by mixing pure gold with other metals such as palladium, nickel, and silver. Platinum, on the other hand, is naturally a white metal, with a bright, shiny appearance that is often compared to white gold.

Gold and platinum are both popular choices for jewelry. While they may look similar, there are some key differences between the two metals. Gold is a softer metal than platinum, which means it is more susceptible to scratches and dents. Platinum is a harder metal and more resistant to damage, making it a popular choice for engagement rings and other frequently worn pieces of jewelry. Platinum is also hypoallergenic, making it a good choice for people with sensitive skin.

Yellow Gold vs. White Gold

gold coins

As mentioned earlier, gold is available in two colors: yellow gold and white gold. Yellow gold is the traditional color of gold and is often used in classic and traditional jewelry styles. White gold, on the other hand, has a more modern and contemporary look, making it a popular choice for engagement rings and other modern styles of jewelry. White gold is created by mixing pure gold with other metals such as palladium, nickel, and silver, which gives it a bright, silvery appearance.

While both yellow gold and white gold are popular choices for jewelry, they have different properties that make them unique. Yellow gold is a softer metal than white gold, which means it can be more easily scratched or dented. White gold is generally more durable and resistant to damage, making it a good choice for everyday wear.

In the next section, we will explore the rarity of platinum and its impact on prices compared to other precious metals.

The Rarity of Platinum

Platinum is a shiny white metal that is rarer than gold. It is found in the Earth’s crust at concentrations of only 5 parts per billion, compared to 0.004 parts per billion for gold. This scarcity contributes to the higher value of platinum compared to other metals.

Platinum is also denser than gold, meaning that a piece of platinum will weigh more than a piece of gold of equivalent size.

Despite its rarity, platinum has several industrial uses. It is a key component in catalytic converters, which reduce harmful emissions from vehicles. The metal’s durability and resistance to corrosion also make it a popular choice in laboratory equipment and electrical contacts.

Overall, the combination of its scarcity and industrial demand contributes to the pricing of platinum in the precious metals market.

Industrial Uses and Demand

Platinum has significant industrial applications, making it one of the most important industrial metals in use today. It is used in the manufacture of various products, ranging from jewelry to electronics, but its most important application is in catalytic converters.

Catalytic converters are essential components in the exhaust systems of automobiles. They reduce the amount of pollution released into the atmosphere by converting harmful gases into less harmful ones. Platinum is a key component in the manufacture of catalytic converters, making it an important part of the automotive industry.

As a result, the demand for platinum from the auto industry has a significant impact on the platinum market. Any changes in the demand for automobiles or in government regulations that govern emissions can affect the price of platinum.

Platinum is also used in the manufacture of other industrial products due to its unique properties. It is a dense, malleable, and ductile metal that is highly resistant to corrosion. These properties make it ideal for use in a wide range of industrial applications.

In terms of color, platinum is a silver colored metal that is often used in jewelry as a substitute for white gold. However, the industrial uses of platinum are far more important than its use in jewelry in terms of its impact on the platinum market.

“Platinum is an important part of the automotive industry due to its use in catalytic converters.”

Historical and Investment Factors

Understanding the historical value of precious metals such as gold and platinum is important when considering their investment potential. The price of gold has been historically stable, and it has been a symbol of wealth for centuries. Physical gold is often seen as a safe haven investment during times of economic crisis or downturn.

On the other hand, platinum’s price fluctuates differently compared to gold. Its industrial uses and demand have a significant impact on its price, making it less stable as an investment option. However, some investors see platinum as an attractive option due to its rarity and potential for higher prices.

It’s important to note that other precious metals such as silver also play a role in the investment market. While not as valuable as gold or platinum, silver’s historic value and industrial uses make it a popular option as well.

Investors should also consider the impact of economic crises and downturns on precious metal prices. During times of uncertainty, gold and platinum prices may rise due to their perceived material value and stability in the market.

While investment in precious metals may be appealing for some, it’s important to weigh all options and consider their role in a diversified portfolio. Traditional stocks and other investment options should also be considered when planning for the future.

OWNx makes it simple to invest in precious metals.

Market Dynamics and Price Differences

Platinum prices have fluctuated differently compared to gold prices over the years, making it an affordable option for investors. The price of platinum is affected by a variety of market dynamics, including supply and demand, economic conditions, and geopolitical events, among others.

The price of platinum is also affected by the price of gold, as both precious metals are often compared to one another. Currently, platinum is cheaper than gold due to a combination of factors, including its industrial uses and historical factors.

Price DifferencesReasons
Platinum cheaper than goldIndustrial demand for platinum in the automobile industry, among others, has a significant impact on the price of platinum, making it more affordable than gold despite its rarity.
Price of platinum fluctuates differently compared to goldWhile gold is considered a more stable investment option, platinum prices tend to fluctuate more due to its industrial uses and market dynamics.

In recent years, platinum prices have been affected by the rise of electric vehicles, as they do not require catalytic converters, the primary industrial use for platinum. However, demand for platinum for other industrial uses, such as in the healthcare industry and in electronic devices, has remained strong.

Overall, the price differences between platinum and gold are influenced by a variety of factors, including market dynamics, historic value, and industrial uses. It’s important for investors to consider these factors and the unique characteristics of both metals when making investment decisions.

Investors often consider both platinum and gold as potential investments due to their material value, stability in the market, and their role in diversified portfolios and retirement savings. When buying precious metals, it’s essential to understand the weight and purity of the metal, which is measured in troy ounces.

FactorsPotential Impact on Platinum Prices
Demand for Electric VehiclesIncrease in demand for platinum in fuel cell technologies
Utilization in Fuel Cell TechnologiesPotential growth in platinum demand across various industries
Supply DisruptionsPossible decrease in platinum supply and higher prices

Platinum options include buying physical platinum, platinum ETFs, or purchasing platinum futures. However, buying physical platinum requires a higher investment due to its higher price per troy ounce than gold. For traditional stocks, investing in mining companies or mutual funds that own precious metals is an option, but it’s essential to research these options thoroughly to ensure they align with your investment strategy.

Gold is often considered the gold standard of investments due to its steady returns and historical value. It’s also a popular choice for retirement savings because it’s a tangible asset that can be stored and sold at any time. Gold prices tend to fluctuate less than platinum prices, making it a more stable investment option for some investors.

When compared to gold, platinum’s price has historically been more volatile, but it can offer higher returns over time. Investing in platinum offers a way to diversify a portfolio and hedge against inflation. However, it’s important to do your research and monitor market trends to make informed investment decisions.

It’s essential to consider your financial goals, investment strategy, and risk tolerance before investing in any precious metals. Platinum and gold both offer unique benefits and drawbacks, and it’s important to weigh these factors before deciding which metal to invest in.

Industrial and Financial Outlook

The auto industry has a significant impact on the prices of platinum and gold. Platinum is widely used in catalytic converters, making it a crucial component in reducing emissions from vehicles. As the auto industry shifts towards more eco-friendly technologies, such as electric vehicles, the demand for platinum may decrease, resulting in a decrease in its price.

Platinum and gold hold a special place in the hearts of the most well-informed investors. Despite being a less popular investment option than traditional stocks, many investors consider them as a safe haven during times of economic uncertainty. As a result, they tend to hold their value well during economic downturns, making them a valuable addition to diversified portfolios.

Some credit card companies even offer platinum credit cards for high net worth customers, highlighting the precious metal’s association with wealth and luxury.

The global economy also has a significant impact on the prices of platinum and gold. As the world becomes more interconnected, economic crises in one region can affect the prices of precious metals worldwide. In times of global instability, investors may seek to invest in precious metals as a hedge against inflation and other economic risks. This increased demand can lead to higher prices for both platinum and gold.

Overall, the industrial and financial outlook for platinum and gold is complex and multifaceted. However, their unique characteristics and uses make them intriguing options for investors looking to diversify their portfolios and protect their retirement savings.

While platinum and gold are both precious metals, they have distinct differences that make them unique assets. Despite being rare metals that are often used in jewelry, they have different industrial uses and play different roles in the financial system.

One key difference between platinum and gold is their industrial uses. While gold is primarily used in jewelry and as a store of value, platinum has significant industrial applications. Platinum is a crucial component in catalytic converters, making it an essential metal in the automobile industry. Additionally, platinum is used in electronics, medical equipment, and other industrial applications, giving it a broader range of industrial uses than gold.

Another difference between the two metals is their role in the financial system. Gold has long been recognized as a store of value and a hedge against inflation, making it a popular investment choice. Platinum, on the other hand, has a smaller role in the financial system and is not widely recognized as a store of value. This difference in perception has resulted in different price trends for the two metals.

While platinum and gold are both considered precious metals, they are part of a broader category of metals that includes silver and palladium. These metals have different characteristics and uses, making them distinct assets within the metals market.

Overall, the key differences between platinum and gold lie in their industrial uses and their role in the financial system. While they are both valuable metals with unique properties, the factors that set them apart make them distinct assets for investors to consider.

Conclusion

Investors have a lot to consider when choosing between investing in platinum or gold. While platinum is rarer than gold, its price is generally cheaper due to market dynamics, industrial demand, and historical factors. The price of platinum also fluctuates differently compared to gold, making it an intriguing option for investors. It’s important to consider the unique characteristics and uses of platinum and gold when making investment decisions. Platinum has significant industrial applications, particularly in the automobile industry where it is used in catalytic converters. Meanwhile, gold is often used in jewelry and is considered a safe-haven asset in times of economic uncertainty. Investing in precious metals can be a wise move in diversifying your investment portfolio, but it’s important to understand the risks and benefits of each metal. While some investors prefer traditional stocks or the gold standard, platinum options are also worth considering. As the global economy continues to evolve, the prices of platinum, gold, and silver may also fluctuate. However, by understanding the key differences between these metals and evaluating their industrial and financial outlook, investors can make informed decisions about their investment strategies. In the end, whether you choose to buy platinum, gold, or silver, remember to always consult with a financial advisor and do your own research to make the best decision for your retirement savings and investment goals.

OWNx makes it simple to invest in precious metals.

FAQ

Why is platinum cheaper than gold?

Platinum is generally cheaper than gold due to market dynamics, industrial demand, and historical factors that influence its price. Despite being rarer than gold, platinum’s price fluctuates differently, making it a more affordable precious metal.

What are the key differences between platinum and gold?

Platinum and gold have key differences beyond their price. Platinum has significant industrial uses, particularly in the auto industry, while gold is often associated with its historic value and role in the financial system. These differences set them apart as metals.

How does industrial demand impact the price of platinum?

Industrial demand, especially in the automobile industry where platinum is used in catalytic converters, has a significant impact on the price of platinum. The demand for platinum in industrial applications can affect its prices compared to other precious metals.

What role do historical factors play in the price differences between platinum and gold?

Historical factors, such as economic crises and downturns, can influence the prices of platinum and gold. Gold is often considered a safe-haven investment during uncertain times, which can affect its price compared to platinum.

How do platinum and gold compare as investment options?

Both platinum and gold are considered potential investments. Investors often evaluate their stability in the market, material value, and their role in diversified portfolios and retirement savings when comparing platinum and gold as investment options.

Like it? Share it!

The Wisdom of Simplicity

OWNx TeamGlobal Finance and Economics, Money & Financial Technology

You can sense it, can’t you? Fatigue is setting in. The degree with which technology has changed the world in the last decade has been enormous. Yet a common refrain among our friends and family goes like this…

“If technology is supposed to save me all of this time, why do I feel like I have less of it to enjoy my friends and family?”

The answer seems obvious. The average American receives between 50 and 70 push notifications on their phone every day. This is hyperconnectivity to a world in which relationships are diluted; a world that is increasingly polarized in how to deal with a diverse set of socioeconomic challenges. It is fear of missing out on “the new thing.” It is technology owning our time — not liberating us to enjoy our lives.

And it’s not going to get better anytime soon. We are on the verge of a massive acceleration in global change due to new technologies coming online in areas ranging from robotics, to AI, to healthcare, to financial services. Few are prepared to deal with the adjustments humanity will need to make to accommodate this disruption.

So what is the answer?

Take control now. Make a conscious decision to ruthlessly eliminate anything that does not contribute to your economic, physical, spiritual, and relational health. That may be a tall order, however, those who make the choice today to prune all but the essentials in life will find themselves happier and more fulfilled in the years to come.

This may sound a little odd coming from a company that provides access to gold and silver. However, it is at the heart of why we do what we do. Smart. Simple. We believe that the need to live life with those two words in mind will emerge as a mega-trend of its own. It only makes sense, then, to apply them to how you manage your silver and gold investments.

Like it? Share it!

Silver: The Magic Metal

OWNx TeamGold & Silver Market, News & Current Events

Okay. It may be a bit of an exaggeration to call silver bullion a “magic” metal. However, in the age of high tech, there is little argument that it is one of the most versatile industrial metals. For decades it has been used in solar electric panels. It is used as an anti-bacterial in clothing. A tiny bit of silver is even used in every smartphone created today.

For decades there has been concern about the impact on your health from smartphone radiation. As new 5G technologies are deployed, your smartphone is going to be in an even more constant state of data exchange between them and their cell towers. That means more radiation.

Now, a French company claims that their silver ink passive antenna will protect you from smartphone radiation. They even have a handy-dandy little guide to help you perfectly place the silver patch in the exact spot on your phone for maximum protection. Now, whether or not you believe that smartphone radiation is a concern isn’t the point. What is interesting is that once again, silver bullion is the metal of choice to solve problems in high tech applications.

When the economy is humming along, as it is now, silver is consumed by industrial applications at a rapid clip. The Silver Institute is forecasting that green technologies alone will use 1.5 billion ounces of silver by 2030. That is why we have maintained our position that industrial applications for silver will put a floor under the market for the next two decades, and could send the price of silver much higher.

Silver bullion is often seen as playing second fiddle to gold bullion. When it comes to powering the future economy in a very practical way, however, silver wins hands down. Another reason why you might want to add to your own personal stack.

Like it? Share it!

Inertia Interrupted: New Megatrends Are Emerging

OWNx TeamGlobal Finance and Economics, News & Current Events

Inertia is a powerful law of physics. A body in motion stays in motion until energy is applied in a new direction. It’s what we’ve experienced in the geopolitical and economic realm for decades. Momentum was building toward a world with ever-increasing centralized control and authority. National government’s power was expanded. Financial institutions became “too big to fail.” Amazon, Facebook, and Apple have become dominant players in retail, social media, and smartphones.

Then something happened. In Europe it was Brexit. In the Middle East it was the Arab Spring. In the United States it was the election of Donald Trump. Each of these were polarizing events; each in different areas of the world; each impacting different cultures. Together they have created enough energy to disrupt the momentum of centralism and much more. The principles of localism (making decisions in communities vs. national governments), separation of powers (check and balances), and jurisdiction (proper authority) are all storming back into the social conscience.

Citizens are questioning the wisdom of world leaders and re-examining their own beliefs about who should have the proper jurisdiction to make decisions that impact their states, provinces, territories, and local communities. You can feel the shift. It is not subtle. It has caused tension between those who embrace the disruption of inertia, and those who want to nudge the momentum back onto its previous course.

The question is, has the shift in momentum reached critical mass? Can the previous path be restored? Increasingly, the answer suggests that we are in a new era. Previous megatrends across social, economic, and geopolitical spheres cannot be restored. Instead, new megatrends will be defined over the next decade that will carry us well into the 21st century. It will take five to ten years at least to establish a stable path.

It is difficult to imagine the implications of this level of disruption, or to begin to quantify the impact. Both the short and long-term economic impact are in question. Analysis ranges from a new era of prosperity to a full-blown financial system meltdown. Who is right? What role does the emerging world of cryptocurrencies (real currencies, not ICO scams) and blockchain technology have in moving the needle toward either scenario? How will all of this impact the price of gold and the price of silver in the years ahead?

Reality is, you can find newsletter writers and analysts to echo back to you whatever outcome that you want. Unbiased–and accurate–analysis is rare because removing bias and seeing the world for what it is rather that what was is very difficult.

The new megatrends will be established upon a new set of guiding principles. The question is, will the principles for their foundation be idealistic and relative, or results-proven and immutable? At OWNx, we prefer the latter. However, we also understand that everyone has a limited sphere of jurisdiction. As such, we live by example. Our part in applying energy to the emerging megatrends is in how we treat our clients. It is in the tools we provide and in the partnerships we form.

Smart, simple access to physical gold and silver is just the beginning. We have our eye on the megatrends and are intentionally and diligently aligning with them where they align with the principles both we and our clients share. It’s going to be an interesting decade ahead.

Like it? Share it!

Decentralization is the New Mega-Trend

OWNx TeamMoney & Financial Technology, News & Current Events

One word you’ll hear a lot in the financial world is “decentralization.” We use it frequently and doubtless you’ve encountered it in other blog posts, podcasts, and books discussing the subject of money. But today, let’s dig a little deeper into what decentralization means, and look at some practical ways it is being implemented in our society.

DECENTRALIZATION AS A CONCEPT

To summarize, the concept of decentralization is the tendency and desire to gravitate away from larger, highly regulated entities toward smaller entities that allow for more individual freedom. Merriam Webster defines it as: “the dispersion or distribution of functions and powers.”

Certainly this concept applies to the financial system, but it is also interesting to note the trend of decentralization across other areas of our lives, and the practical steps that have been taken to implement it.

DECENTRALIZATION TODAY

Centralized entities are prevalent throughout our society, from social media platforms, to large businesses, to educational insitutitions, news media, and beyond. Until recently, these entities were growing at an incredible pace. So what has caused their growth to slow?

Let’s look at Facebook, for example. The largest social media platform in the world has recently undergone a rather steep decline in use and growth. There are several reasons for this, including:

  • Ads – Users are tired of having their Facebook feeds spammed with ads they did not opt in to see. This has resulted in lower engagement for businesses on the platform, and even paid ads aren’t getting the reach they used to due to changes in the FB algorithm.
  • The Algorithm – Many users don’t like the fact that the Facebook algorithm changes constantly and heavily filters which posts they see in their feed, limiting their connection with family, friends, and news sources they actually want to hear from.

These are aspects of centralization and high concentration of power (to say nothing of the recent privacy debacle), and people are gravitating away from the platform toward others that allow for more individual freedom, such as Instagram and MeWe.

Another example of decentralization in action is found in the dramatic increase in the small business survival rate. Increasingly, consumers are moving away from larger entities, and channeling that support toward smaller local companies whom they have a stronger relational connection with. In this digital age, personal touch matters more than ever.

Similar shifts are occurring in the spheres of media, education, and government. There is no question, decentralization is on the rise, with people taking action to implement it in their own daily lives.

MONEY AND DECENTRALIZATION

This brings us back to the issue of money and the financial system. Unlike many other spheres, financial institutions have been steeped in the centralization of big banks for longer than anyone can remember, making solutions to the problem much more hazy and uncertain.

Without a doubt, the monetary system is also moving towards decentralization, as we have seen with the crypto craze. However, at this time no one is quite sure what a decentralized monetary eco-system will look like.

In some cases, the surrounding confusion can lead to paralysis, as people are uncertain of how to proceed and whom to trust. Some were burned by volatility in the crypto market. Others simply aren’t sure where to start when it comes to protecting their wealth and savings as the investment landscape begins to shift.

GOLD AND SILVER OFFER PROTECTION

In times of uncertainty, the stability of gold and silver provides a way to apply the concept of decentralization to your investments. Owning them allows you to:

  • Protect your wealth
  • Build your savings
  • Secure your investments in proven, tangible assets

Our platform puts control in your hands. You have the power to choose when and how you want to save and invest, and where you want your assets stored. This flexibility allows you to operate outside of larger entities without depending on them for your financial security.

Despite the foggy horizon regarding the future of the monetary system, you can rest assured knowing you own assets that have been proven throughout history to protect against times exactly like these.

Like it? Share it!

Centralization vs. Decentralization: The Battle is Underway

OWNx TeamNews & Current Events

Right now we are witnessing an epic battle between two competing principles – centralization and decentralization of systems that influence our culture. Let’s look at two examples and how they are creating major cross currents in the world today.

The Global Monetary System

For several hundred years, the world’s monetary system has trended toward increased centralization. So much so that today, money creation and management around the world is concentrated in the hands of national governments or privileged, monolithic entities that have central government approval. Within the last fifty years, further consolidation has occured as the Euro currency displaced the currencies of previously sovereign nation states.

The rules by which currency exchange is conducted are written by those who control the flow of funds. This exposes a little known reality – money at its core is not an item, such as a Euro, dollar, gold, or silver. Rather, it is an agreement between the people in a community (in this case, nation states) to use various items as a medium of exchange and store of value. Today, the contract is negotiated between nation states, and the system they have designed requires moving every person’s assets through a highly controlled and efficient system.

Communication

In the last decade, there has been an explosion of avenues for people all over the world to directly share their views with one another. A person in Africa has immediate access to the “feed” of people they are connected with in the Americas and vice versa. Ideas about how the world should be ordered are exchanged at the speed of light. Decentralization of how ideas and concepts are birthed lies in direct contrast to the system of money that gives resources to the world economy, which can bring those ideas and concepts into reality.

Decentralization is Winning

This tension between principles is playing out in the marketplace today. Not satisfied with the existing system of control over resources, those who are collaborating in cyberspace about how the world should be governed are turning to another source – cryptocurrencies and decentralized trade of the ownership of assets.

The marketplace of ideas is making a statement. Decentralization is favored over centralization. The decades-long domination of mainstream media is dying as social media continues to grow. Now, the centuries-long domination by the global monetary system is being challenged by cryptocurrencies and micro-loans.

The trend toward global decentralization reaches far beyond economics. It is producing a massive global culture shift with implications that have yet to be fully understood, and are not likely to be entirely manifest for another decade or more. While not in the prediction business, we can offer an observation. In the future, real, tangible items such as gold and silver will become more important to a wider group of people. Not just because of the likely volatility that will accompany the transition to a decentralized, technology-based world. But also because, like a cold drink of water on a hot day, they remind us that we are still real, physical beings in need connection to a physical world.

Like it? Share it!

What Does the End of Cryptomania Mean for Gold and Silver?

OWNx TeamCryptocurrencies, Gold & Silver Market

Now that the cryptocurrency world is well established on a glide path into the trough of disillusionment, it’s time to reflect on what that means. First of all, it means the hype that “Bitcoin will replace ___________” (fill in the blank with your favorite entity/item that Bitcoin was supposed to bring an end to) has died down. It also means that the hype surrounding the blockchain (again, fill in the blank for what it might replace) is also coming to grips with real world applications and limitations.

In the ashes of the trough of disillusionment, hundreds, if not thousands of start-up projects will fail. Scammers will be sent packing. These are necessary and good things which will give birth to an environment that will produce solutions based on reality instead of hype.

Fresh innovation will spring from the newly discovered zone of reality. Limitations will be solved, or new iterations of distributed ledger technology and cryptocurrencies will move the sector onto a new plane. The mad scramble of cool ideas backed by easy money will settle into a rhythm of building systems that are not just viable to launch (most ICOs), but are sustainable over the long-term.

That means a whole lot of people who were in their venture capital/ICO funded silos will have to emerge and form partnerships to, as we wrote about in February, begin the real work. We won’t see the full fruit of these partnerships for months, if not years. Google, Netflix, and Apple did not arise from the 2001 tech bust in 2002. Or 2003. Or 2004.

Furthermore, the world at the time was ready for tech giants to emerge. We’re not so sure that is the case in 2018. When it comes to something as important as money and monetary systems, it appears that the people of the world are not going to be satisfied with the big banks absorbing and monopolizing financial technology.

More likely is that over the coming years, we will witness the birth and baby steps of a new monetary eco-system. It will begin as an awkward dance with the existing national currency systems. Friction will grow between those feeding this new system and those interested in maintaining their monopolies. However, like the internet in 2000, new and exciting ways to imagine the future of money have been unleashed.

That genie is not going back in the bottle.

2017 was a quiet year for the price of silver and gold. As the new monetary eco-system begins to take shape, we anticipate the price of gold and silver to become more volatile, albeit with an upward bias. As much as some of the crypto die-hards want to believe, the emerging monetary eco-system is not yet ready to be dominated by electronic digits as a store of value. We say “yet” because it still could happen someday… After the wild west is tamed by a period of harsh reality and new concepts of what money can be are more widely adopted.

Silver and gold bullion will continue to play a vital role in whatever emerges. That could take the form of crypto backing. Or, it could take the form of precious metals taking on more of a role as a store of value, and less as a medium of exchange. Financial technology does enable the mind-bending concept of separating those monetary functions into distinct monetary items. But that is a subject for another post.

Like it? Share it!

Gold IRA and Retirement Planning in the Age of Digital Everything

OWNx TeamMoney & Financial Technology, Retirement Planning

Technology is invading every aspect of our lives–including our finances. In a world where it seems like everything financial is being digitized, people are looking for a trusted link to physical reality. Opening a gold IRA as part of your retirement planning is one way to create that link.

Some of the primary principles of investing are: stability, sustainability, and longevity. Each of these requires time to develop a track record of results. Gold and silver have been part of the monetary system for 5,000 years of recorded history. They’ve existed since the planet was formed, and they will be here as long as it remains. They have a proven track record.

Meanwhile, digital assets such as cryptocurrencies have been in existence for just over a decade. As we now see, the present reality is that cryptos as a group are not a trusted asset class. Individual projects are promising, but even those lack the crucial ingredient that forms trust – long-term proven results based on measurable reality.

5,000 years vs. 10

Our position is clear. There is a place for the new digital financial world. It is important, however, to embrace it in a way that does not introduce unneeded complexity or risk. Our commitment therefore is to provide our clients with smart, simple tools that enable them to manage gold and silver as retirement investments.

When you buy gold and silver online within your IRA, you connect to both the past and the future like no other investment can. This connection can bring stability to your retirement portfolio as technology continues its relentless march through the financial world.

Curious about how easy this is? Click here to see the details, or call us at 800-701-3546 and ask for our IRA team. It really is smart and SIMPLE.

Like it? Share it!