|Item||Weight (g)||Composition||Silver Melt Value||Full Melt Value|
|Monster Box||15,551.50||99.9% silver|
One way of getting around the tax phenomenon for United States citizens is by adding silver to their IRA, 401K, or 403B retirement investments. In 1997, when precious metals were first allowed to be included in these retirement plans silver investments were restricted to the American Silver Eagle. However this restriction has been relaxed. Silver bars or non-collectable (non-graded) silver coins having a fineness of 99.9% or higher can be used. This allows a large variety of silver rounds as well as silver bullion coins that are currently being minted by national mints around the world to be added to these retirement accounts.
One thing to be aware about buying silver bars and rounds from sources outside of your own country is that these are typically taxable while bullion coins are often exempt. There are a number of steps that needed to be followed in order to take advantage of adding silver to your IRA, 401K, or 403B. The first is to find out whether or not your current retirement plan handler is able to allow you to add silver to your non taxable retirement package. If not you will have to set up a Self-Directed retirement plan. You will have to do some research to find out how to get this done without having to pay taxes and fees or fines that may occur if you do not follow the proper procedures.
When it is established that you can add silver to your non-taxable retirement plan there are two different ways to make your silver purchases. Besides buying silver your current income it is possible to use money you have already invested in your IRA, 401K, and 403B portfolios. Again there are guidelines that you’ll need to explore if you want to convert any of these assets into silver. It is also important to find a reliable place to buy and store your silver. Again prudence is necessary for obvious and not so obvious reasons.