Precious Metals IRA – A Year in Review

2017 was a fascinating year for self-directed IRA holders. As political and economic factors like the GOP tax bill; the announcement of a new chairman to the Federal Reserve; a flattening Treasury bond yield curve; and tensions surrounding North Korea impacted the securities markets and the value of the United States dollar, the markets for IRA-eligible precious metals reacted in turn. The following figures were determined by comparing approximate spot prices from January 2, 2017 to those of December 25, 2017 (Source:

  • Gold – One of the more popular precious metals products saw an approximate year-over-year gain of 10.8% per ounce. The dollar had a rough 2017, falling by about 9.3% over the course of the year (per the U.S. Dollar Currency Index (DXY), which measures the dollar against a basket of other major currencies whose nations are considered key trade partners with the United States). A weak dollar has historically helped metals prices, which may have been the case with gold.
  • Silver – Silver prices increased roughly 2.8% per ounce this year having seemingly benefited from the weak dollar as gold did. It continues to offer value and positive returns for precious metals investors with smaller budgets.
  • Platinum – This industrial precious metal experienced an estimated gain of 2% per ounce in 2017. Platinum had a bit of an up-and-down year but it’s poised to finish a second consecutive year in the black.
  • Palladium – With a staggering rise of approximately 51.3%, palladium was this year’s big winner among the precious metals discussed here. Essential mineral shortages in the electric automobile industry have strengthened the market for gasoline cars and their catalytic converters, of which palladium is a major manufacturing component. Furthermore, the 2017 introduction of the palladium American Eagle coin allowed investors to diversify their precious metals holdings while incorporating a familiar product into their portfolios.

New Direction IRA does not recommend or endorse any particular investment strategy, nor do we sell or provide assets to our clients. For more information about investing in precious metals with your IRA or self-directed retirement in general, please don’t hesitate to contact our office.

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