Unlike gold, silver is used for many things in manufacturing and other areas.
According to economist Richard Daughty, there are no stockpiles of silver left in the world.
Nearly all of the gold ever mined is still with us today.
Think about it, much of it is used in making jewelry, and even if you lose that it still is here somewhere.
Even if you melt gold coins or jewelry down (as many are doing these days), it still exists! Yet, gold is hitting record highs, and silver is at record lows! This trend will not continue forever.
Silver coins are a great way to own silver.
However, if you want to keep those in a retirement account, you will need a third party or a custodian oversee the coins for you.
In other words, they will actually hold the coins for you.
If silver makes the run up that many are predicting, you may well earn more from silver than gold investments! The leverage you can now get with silver makes it more attractive for those with less money to invest with.
Some advisors will tell you that you can't have coins in your IRA or other qualified plans, but you can.
One company who specializes in gold and silver coins with the security of an IRA is Merit Financial.
I have found their service to be excellent and professional.
If you have any questions at all, they are always glad to help.
In fact, for the time they spent with me, I don't see how they made much on the coins.
However, I will no doubt be back time and again, and they probably know that.
Check them out if you have any interest in coins - especially if you want to buy them inside of your IRA.