Is silver a good retirement investment?

Like gold, silver is considered a last store of value, the supreme money when paper money loses its value. Like gold, silver can help protect retirement portfolios against inflation and help investors maintain their value during financial crises. The metal also acts as a hedge against inflation. As a physical asset, it has an intrinsic value, unlike the dollar or other currencies.

Silver maintains its value over the long term and does well when interest rates are low and fixed-income investments don't generate much profit. When the stock market gets tough, some investors look for safe investments, such as precious metals. While gold, silver and palladium are subject to their own forms of volatility, many believe that they are superior long-term investment options for retaining and increasing their value. While silver can be volatile, the precious metal is also considered a safe asset, similar to gold, its sister metal.

Safe assets can protect investors in times of uncertainty and, as tensions rise, they could be a good option for those seeking to preserve their wealth during difficult times. Since the CARES Act was enacted in March in response to the COVID-19 (coronavirus) pandemic, the CFTC has seen a growing trend of precious metals promoters and traders encouraging investors to use the CARES Act distribution rules to convert their retirement savings into investments in gold or silver coins, self-managed gold individual retirement accounts (IRAs) or make leveraged purchases of physical metals.

Kenneth Bley
Kenneth Bley

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