As of the writing of this article, gold and silver prices are rising. They’ll fall again and rise again depending on economic numbers of the day, but for now precious metals have had a strong week. As always, this has prompted a surge in interest that included one new customer who had some serious questions.

He told us about another gold company he had been working with that told him he should never keep gold and silver in his safe at home. Instead, he should keep it in a depository in the form of a self-directed IRA.

The reason the other company was recommending this was simple. Most other precious metals companies have as their primary business model their “Gold IRAs” or whatever they want to call them. There’s nothing wrong with this in theory, but the allure of “free” silver offered by these huge companies is often enough to make people dismiss the exaggerated price they end up paying so they can “qualify” for their “free” silver.

There are many benefits to a self-directed IRA backed by physical precious metals. We help our customers with them every day. But to dismiss keeping gold and silver at home is ludicrous. Moreover, it’s disingenuous as the only reason to keep it in an IRA rather than holding it physically is to defer taxes. That’s it. But there are many reasons to keep some on hand in your safe despite what other gold companies say.

Here, we’re going to discuss three of those reasons. We will avoid apocalyptic reasons, not because we aren’t concerned about a full-blown economic collapse but because such an event would spark innumerable other problems. Instead, we’re going to focus on the top three reasons to keep gold and/or silver at home through America’s current situation.

Universal Liquidity

Both gold and silver have been traded by humans since the dawn of commerce. They have retained varying levels of value throughout history, never dropping to nil.

But it’s not the history of precious metals that concerns us today. It’s the volatility of currencies, particularly the U.S. Dollar, that makes precious metals so attractive. We can easily turn our precious metals holdings into U.S. Dollars today. When they roll out the Central Bank Digital Currency of the future, whether that’s next year or next decade, it is a very safe assumption that gold and silver can be converted into it. And if things go really crazy and de-dollarization is successful, precious metals have high liquidity regardless of the currency.

The Ultimate Hedge

There are so many investment options available to most Americans today. From cryptocurrencies to treasury bills, real estate to the stock market, there is no shortage of ways to spread out your portfolio.

Precious metals offer a time-tested way to remain stable in an unstable economy. Even “large” fluctuations in silver and gold prices are often minuscule compared to the wild rises and falls of other investments. Keeping gold and silver on hand is a way to have physical, compact, and portable wealth that has historically risen when other economic factors fall.

It’s Yours

It would be naïve to believe the powers-that-be will never confiscate gold and silver. They’ve done it before and they can do it again. But compared to what’s happening to other ways of storing wealth, physical precious metals kept in your safe seems to be the… safest.

The old saying about “money in the bank” no longer applies. We’ve seen banks collapse. We’ve seen them withhold funds or close accounts over cancel culture. We’ve seen cryptocurrencies hacked, real estate properties devalued, and stocks crash.

If economic conditions continue to deteriorate, there’s something very special about keeping something of high value in your safe.

We can help you with your precious metals purchase. Whether you’re wanting it shipped discreetly to your door or if you want to convert a retirement account to a self-directed IRA, we can do it. And best of all we won’t try to con you with “free” silver. Contact Ira Bershatsky today and see how we can help you secure your future with physical precious metals.