If you are reading this, you are taking the first step towards protecting your retirement saving with a safe, secure, and profitable private asset: Silver!

Midas Gold Group is America’s Most Trusted Gold IRA Company and can just as easily help you add physical tangible silver to your IRA or Retirement plan. Your decision to add silver to your IRA or retirement account could be the most important financial decision of your life.

The IRA experts at Midas Gold Group are here to help you every step of the way to make sure you make an informed and educated decision. The process is simple, straightforward, secure, and even enjoyable!


The Silver IRA is no different than a Gold IRA. The four major precious metals (gold, silver, platinum, and palladium) in certain coin and bar forms are all permissible IRA assets. In fact, many investors who chose to add precious metals to their IRA, buy a combination of two or more of the major precious metals.

Also, like a Gold IRA, a Silver IRA functions essentially the same as any other retirement plan; only the asset type is different. You can still make make annual IRA contributions (which can be held in cash or used to buy more silver). You can always sell your IRA silver easily (see our section on selling IRA Gold and Silver). You can always take distributions out of you precious metals IRA: you may take the physical silver itself or sell the silver and take cash.

When you convert your IRA to silver, you do not pay any taxes or penalties nor are you required to file the transaction on your tax returns. The process generally requires nothing more than a change in custodian which can be done via a rollover or direct transfer of your current IRA or retirement plan.

While we use the term Silver IRA as a general term; however, a Traditional IRA is, by no means that the only type of retirement plan that can own physical silver. The Experts at Midas Gold Group can also help you convert other retirement plans to physical silver. We regularly work with the following plans:

All of these plans and more can generally be converted to physical silver.

Creating a Silver IRA is a simple process, but a significant error can cause the account holder to lose IRA status and he or she may be on the hook for significant taxes any penalties. When dealing with your IRA, make sure that you are dealing with an experienced professional, not a salesman. Midas Gold Groups has decades of IRA experience and we stand by every transaction.


Global Silver Demand

Silver has been viewed as money for thousands of years of human history. Since the Industrial Revolution silver has become the second most consumed element on earth after oil. Silver is highly used and irreplaceable in the solar, electrical, and mechanical fields, all of which are expanding industries. Meanwhile, silver production from mining is on a decline that is expected to continue for at least the next decade. While demand for silver from the investment sector has fallen in recent years, demand from emerging markets in China and India is soaring. At current price levels, silver appears to be a tremendous value with tremendous long-term upside potential.

Silver is Near a Historically Low Relative to Gold

Many investors who are building or evaluating their hard asset portfolio should pay attention to the gold-to-silver ratio, or the the number of ounces of silver required to buy one ounce of gold based on the spot market prices.

At the beginning of 2021, this ratio is near 75. As you can see from the chart silver is somewhat undervalued compared to gold. During the next financial crash, gold and silver prices are both likely to rise due to investment demand for a safe-haven assets and demand for a private tangible currency. Due to its low price and short supply, silver may have much more percentage upside in this scenario compared to gold.

gold-silver ratio by month

Silver Is Diversification

Many wise investors, young and old, own silver as part of a diversified portfolio. Silver in its physical form, like gold, is a fundamentally different investment or asset class than virtually every other investment that may be available though your stock broker, insurance agent, or banker. Traditional investments such as stocks, annuities, bonds, and mutual funds are all subject to third party or counterparty risk. These investments are all paper assets that are only as good as both the third party who holds the account and the value of the paper currency that designates the asset’s value. Essentially traditional investments involve handing your hard earned money to a third party in hopes of a return.

Once again, Silver is a time-tested and enduring asset that has has held value for thousands of years of human history. When you own physical silver in your IRA, you hold true tangible wealth, the value of which is not dependent on the stability of a third party or the continued faith in a paper fiat currency. Physical silver may not always be guaranteed to give a return on investment over a given period but is always guaranteed to give you a return of your investment in something valuable.


When working with Midas Gold Group, the process of converting your IRA or 401(k) to silver is very simple. You can be rest assured that your dedicated representative is an experienced professional who is capable of giving you professional and experienced assistance with the process.

Once you understand the transaction, your representative can initiate the process in just a few minutes:


We help you select the best IRA custodian for you particular account (see our list of IRA custodians under “Gold IRA”).


We gather your information and provide you with pre-filled forms to open your Silver IRA account with your elected IRA custodian.


Upon signing the documents, we help you initiate the tax-free rollover of your current IRA to your new Silver IRA.


We help you select the the location for secure storage of your silver until you either sell the silver or take possession of it through distribution. Choices for storage include: Delaware Depository Service Company (DDSC), Brinks USA, International Depository Services (IDS), and others.


With the rollover complete, your Midas Gold Group representative and our trading department will help you use the cash in your new IRA to make a direct purchase of IRA eligible silver bars or silver coins. The bars or coins you purchase will be promptly delivered to the secure storage facility, inventoried, and reported on your IRA statements.

The Silver IRA experts at Midas Gold Group have helped thousands of people add physical silver to their IRA or retirement plan. We work with all major IRA custodians and will help make the process simple, straightforward, and secure. As America’s Most Trusted Gold IRA Company, Midas Gold Group is your best resource for a precious metals IRA.


The tax code: 26 U.S. Code § 408 specifically allows physical gold, silver, platinum, and palladium to be owned inside of an IRA. However, it makes specific limitations on the types of silver bars and coins that are allowed in a silver IRA.

The tax code established two types of silver coins and silver bars that meet the the requirement for an IRA:

  1. Silver American Eagle Coins minted after 1985. Proof Silver American Eagles are also IRA permissible assets.
  2. Silver coins and bars with a minimum purity of 99.9%.

Examples of IRA Eligible Silver

  • Silver American Eagles
  • Proof Silver American Eagles
  • Silver Canadian Maple Leafs
  • Silver Chinese Pandas
  • Silver Vienna Philharmonic
  • Silver Valcambi CombiBars

Examples of Non-Permitted IRA Silver

  • US Morgan Silver Dollars
  • US Peace Silver Dollars
  • 90% US Silver Coins
  • 40% US Silver Coins

IRA Eligible Silver Coins

The consequences for violations of IRA rules are harsh and include being subject to taxes and penalties. As America’s Most Trusted Gold IRA Company, the experts at Midas Gold Group have established thousands of Silver IRA accounts. Our expertise will give you the peace of mind of knowing that an experienced team is there to ensure and stand by the legality of all of your Silver IRA investments.


to learn more, discuss your specific situation, and initiate the processing of adding silver to your IRA or retirement account.

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