WEBVTT 00:00:00.000 --> 00:00:03.339 Okay, so you're here to get the lowdown on silver 00:00:03.339 --> 00:00:06.240 IRAs. Right? You want to learn fast. Yeah. You 00:00:06.240 --> 00:00:08.679 want the knowledge without all the filler. Cut 00:00:08.679 --> 00:00:11.660 to the chase. Exactly. And that's exactly what 00:00:11.660 --> 00:00:13.580 this deep dive is all about. That's what we're 00:00:13.580 --> 00:00:17.260 here for. No fluff, just the facts on silver 00:00:17.260 --> 00:00:19.879 IRAs. Yeah. And lucky for us, we have some really 00:00:19.879 --> 00:00:22.579 incredible material to guide us. Absolutely. 00:00:22.820 --> 00:00:25.820 Compiled by none other than Doug Young. Now. 00:00:25.940 --> 00:00:28.280 A legend. If you know anything about financial 00:00:28.280 --> 00:00:30.899 investing, Precious metals. You've heard the 00:00:30.899 --> 00:00:33.079 name Doug Young. For sure. Anyone who's serious 00:00:33.079 --> 00:00:35.820 about this stuff knows Doug's work. Over 20 years 00:00:35.820 --> 00:00:38.079 in the game. Yeah, he's seen it all ups, downs, 00:00:38.200 --> 00:00:40.820 you name it. So his insights on silver IRAs, 00:00:40.820 --> 00:00:43.100 I mean, this is like pure gold. It's a treasure 00:00:43.100 --> 00:00:45.100 trove, really. He's seen how these things have 00:00:45.100 --> 00:00:46.820 played out through thick and thin. Through different 00:00:46.820 --> 00:00:48.859 economies. Exactly. Different cycles. So we're 00:00:48.859 --> 00:00:51.859 starting from a really solid base here. Couldn't 00:00:51.859 --> 00:00:54.659 ask for a better guide. Nope. All right, so let's 00:00:54.659 --> 00:00:57.859 jump right in. Let's do it. What exactly is a 00:00:57.859 --> 00:01:01.380 silver IRA? In a nutshell. The simplest way to 00:01:01.380 --> 00:01:04.439 put it is a self -directed IRA. Right. Individual 00:01:04.439 --> 00:01:07.420 retirement account. But here's the twist. Instead 00:01:07.420 --> 00:01:10.260 of just the usual stocks, bonds, mutual funds. 00:01:10.359 --> 00:01:12.640 Right. You're holding actual silver. Physical 00:01:12.640 --> 00:01:16.560 silver. Like coins. Bullion. Tangible asset. 00:01:16.659 --> 00:01:19.459 Exactly. You can hold it in your hand. But, and 00:01:19.459 --> 00:01:22.200 this is the important part. Right. It still has 00:01:22.200 --> 00:01:24.500 those tax advantages. Like you would expect with 00:01:24.500 --> 00:01:26.680 a retirement account. Just like a regular IRA. 00:01:26.840 --> 00:01:30.590 It's the best of both worlds. You get the potential 00:01:30.590 --> 00:01:33.430 for stability that comes with owning physical 00:01:33.430 --> 00:01:36.090 silver. Right. But you're doing it within a framework 00:01:36.090 --> 00:01:38.150 that actually helps you save for retirement. 00:01:38.269 --> 00:01:40.650 And the tax benefits. The tax benefits are key. 00:01:40.849 --> 00:01:43.469 Doug really drives this point home. He does. 00:01:43.790 --> 00:01:45.890 That's one of the big reasons silver IRAs can 00:01:45.890 --> 00:01:47.829 be so powerful. All right, so you mentioned self 00:01:47.829 --> 00:01:50.730 -directed IRA. Yeah. What does that really mean 00:01:50.730 --> 00:01:53.269 for someone who might not be familiar? So self 00:01:53.269 --> 00:01:56.299 -directed... basically means you have more control. 00:01:56.700 --> 00:01:58.680 Okay. Way more control than a traditional IRA. 00:01:58.980 --> 00:02:01.040 You get to call the shots about what you invest 00:02:01.040 --> 00:02:03.859 in. Yeah, it's not just silver either. You can 00:02:03.859 --> 00:02:06.280 explore other alternative investments like real 00:02:06.280 --> 00:02:09.300 estate. Really? Even private companies. Huh. 00:02:09.900 --> 00:02:12.780 That's interesting. So it's about having... Options. 00:02:13.000 --> 00:02:14.800 You're not stuck with the same old same old. 00:02:14.840 --> 00:02:17.979 But wait a second. More control also means more 00:02:17.979 --> 00:02:20.360 responsibility. There's always a trade off, right? 00:02:20.419 --> 00:02:22.740 Exactly. Doug is very clear about this. Oh yeah. 00:02:22.909 --> 00:02:25.669 You can't just go rogue and invest in any random 00:02:25.669 --> 00:02:28.530 piece of silver you find. There are rules. IRS 00:02:28.530 --> 00:02:30.210 rules. I've got to stay on the right side of 00:02:30.210 --> 00:02:32.509 the IRS. Absolutely, if you want to keep those 00:02:32.509 --> 00:02:35.090 sweet, sweet tax benefits. OK, so that's a good 00:02:35.090 --> 00:02:36.949 point. You can't just throw your grandma's silver 00:02:36.949 --> 00:02:39.069 spoons in there and call it a day. Right. It's 00:02:39.069 --> 00:02:42.189 going to be IRS approved. Specific types of silver 00:02:42.189 --> 00:02:44.310 meet their standards, and we'll get into all 00:02:44.310 --> 00:02:46.930 that shortly. Awesome. Now, I know just like 00:02:46.930 --> 00:02:49.770 regular IRAs, there isn't just one type of silver 00:02:49.770 --> 00:02:52.210 IRA. That's right. Doug talks about a few different 00:02:52.210 --> 00:02:54.500 options. Yeah, there are a few different flavors. 00:02:54.680 --> 00:02:56.460 Flavors, I like that. Right. So you got to pick 00:02:56.460 --> 00:02:58.759 the one that suits your taste. OK, so help us 00:02:58.759 --> 00:03:01.539 out here. What are the different types of silver 00:03:01.539 --> 00:03:04.379 IRAs that Doug lays out? All right, so we've 00:03:04.379 --> 00:03:07.979 got the traditional silver IRA, the Roth silver 00:03:07.979 --> 00:03:12.560 IRA, and then the SEP silver IRA. SEP. Yeah, 00:03:12.780 --> 00:03:15.699 Simplified Employee Pension. Ah, OK. So let's 00:03:15.699 --> 00:03:17.800 start with the traditional silver IRA. What's 00:03:17.800 --> 00:03:19.889 the big picture there? So think of it like your 00:03:19.889 --> 00:03:22.289 classic traditional IRA. Familiar territory. 00:03:22.449 --> 00:03:25.650 But with silver. Okay. The main perk is your 00:03:25.650 --> 00:03:28.449 contributions. Those might be tax deductible 00:03:28.449 --> 00:03:30.849 right now. Me? You could lower your taxable income 00:03:30.849 --> 00:03:33.409 for this year. Oh, that's nice. Less taxes today. 00:03:33.689 --> 00:03:36.789 Yeah. But here's the catch. Oh. When you retire 00:03:36.789 --> 00:03:39.550 and you start taking money out. Those withdrawals? 00:03:39.669 --> 00:03:42.849 They're taxed. Just like regular income. So you're 00:03:42.849 --> 00:03:44.969 basically deferring the taxes. Exactly. You're 00:03:44.969 --> 00:03:47.259 kicking the can down the road. And Doug's research 00:03:47.259 --> 00:03:49.680 suggests this can be a really smart move if you 00:03:49.680 --> 00:03:51.740 think you'll be in a lower tax bracket in retirement. 00:03:52.020 --> 00:03:53.740 That makes sense. If you're making less money 00:03:53.740 --> 00:03:55.840 in retirement, you'll pay less in taxes. Exactly. 00:03:55.840 --> 00:03:58.500 Okay, so tax break, now potential taxes later. 00:03:58.819 --> 00:04:02.680 Got it. What about the Roth Silver IRA? That's 00:04:02.680 --> 00:04:04.740 the one where you pay taxes up front, right? 00:04:04.740 --> 00:04:07.699 You got it. With a Roth, you're using money you've 00:04:07.699 --> 00:04:10.900 already paid taxes on. So, no instant gratification 00:04:10.900 --> 00:04:12.979 with the tax deduction. Nope. But here's the 00:04:12.979 --> 00:04:15.439 beautiful part. I'm intrigued. If you follow 00:04:15.439 --> 00:04:18.339 the rules when you retire, those qualified withdrawals, 00:04:18.500 --> 00:04:21.120 they're completely tax -free. Really? No taxes 00:04:21.120 --> 00:04:25.079 at all? Zip. Zero. Nada. And Doug points out 00:04:25.079 --> 00:04:27.459 this can be huge if you think you'll be in a 00:04:27.459 --> 00:04:29.639 higher tax bracket in retirement. Or if you just 00:04:29.639 --> 00:04:32.620 like the idea of tax -free income later on. Exactly. 00:04:32.759 --> 00:04:35.000 That peace of mind is valuable. So if you're 00:04:35.000 --> 00:04:36.620 climbing the career ladder and you think your 00:04:36.620 --> 00:04:38.579 income is only going to go up? Roth can be the 00:04:38.579 --> 00:04:40.819 way to go. OK. Roth for the climbers. Got it. 00:04:41.199 --> 00:04:43.769 Then we have the SEP Silver IRA. This sounds 00:04:43.769 --> 00:04:46.370 like it's for a specific crowd. It is. It's tailored 00:04:46.370 --> 00:04:48.529 for small business owners and folks who are self 00:04:48.529 --> 00:04:51.290 -employed. The entrepreneurs? The freelancers, 00:04:51.389 --> 00:04:53.810 the side hustlers, all of them. OK, so what's 00:04:53.810 --> 00:04:55.610 the big advantage for them? Doug highlights a 00:04:55.610 --> 00:04:57.670 couple of things. First off, the contribution 00:04:57.670 --> 00:04:59.670 limits. They're much higher than traditional 00:04:59.670 --> 00:05:02.370 or Roth IRAs. Oh, wow. So you can stash away 00:05:02.370 --> 00:05:04.709 a lot more. Yeah, if your business is doing well, 00:05:04.870 --> 00:05:07.250 you can really supercharge your retirement savings. 00:05:08.009 --> 00:05:11.449 And similar to a traditional IRA, Those second 00:05:11.449 --> 00:05:14.370 contributions are tax deductible. So another 00:05:14.370 --> 00:05:16.970 chance to lower your tax bill today. Exactly. 00:05:17.310 --> 00:05:19.290 Plus, you get a lot of flexibility with the set. 00:05:19.790 --> 00:05:22.189 How so? You can adjust how much you contribute 00:05:22.189 --> 00:05:24.569 each year based on how your business is doing. 00:05:24.870 --> 00:05:26.649 So if you have a bumper year, you can put in 00:05:26.649 --> 00:05:28.930 more. Exactly. And if things are a little tighter, 00:05:29.029 --> 00:05:31.589 you can dial it back. It's all about adapting 00:05:31.589 --> 00:05:34.290 to your situation. That's a great point. Flexibility 00:05:34.290 --> 00:05:35.750 is always good. Especially when you're running 00:05:35.750 --> 00:05:37.689 your own show. All right. So we've covered the 00:05:37.689 --> 00:05:40.079 different types. Now let's dig into why someone 00:05:40.079 --> 00:05:42.120 would choose a silver IRA in the first place. 00:05:42.300 --> 00:05:44.699 Good question. What's the appeal? Doug lists 00:05:44.699 --> 00:05:46.879 a bunch of benefits. He does. But the first one 00:05:46.879 --> 00:05:49.420 that jumps out at me is protection against inflation. 00:05:49.860 --> 00:05:51.939 Yeah, that's a big one. Can you break that down 00:05:51.939 --> 00:05:55.240 for us? Like, why is silver seen as a good hedge 00:05:55.240 --> 00:05:57.779 against inflation? OK, so think about it. OK. 00:05:57.920 --> 00:06:00.519 When inflation is high, the value of your money 00:06:00.519 --> 00:06:02.629 goes down right. Yeah, your dollar doesn't buy 00:06:02.629 --> 00:06:05.810 as much. Exactly. But historically, silver has 00:06:05.810 --> 00:06:08.089 held its value pretty well during those times. 00:06:08.290 --> 00:06:11.339 So it's like a safe haven? It can be. Now, obviously, 00:06:11.579 --> 00:06:14.360 past performance doesn't guarantee future results. 00:06:14.680 --> 00:06:17.300 Always have to say that. Right. But that historical 00:06:17.300 --> 00:06:20.779 trend is why people pay attention. And Doug really 00:06:20.779 --> 00:06:23.420 emphasizes this in his research. He does. He 00:06:23.420 --> 00:06:26.019 sees it as a way to potentially preserve your 00:06:26.019 --> 00:06:28.540 wealth over the long haul. Because even if the 00:06:28.540 --> 00:06:31.399 dollar is losing value, silver might hold strong. 00:06:31.779 --> 00:06:33.779 Interesting. OK, so that's inflation protection. 00:06:34.160 --> 00:06:37.660 What about diversification? Ah, diversification. 00:06:37.759 --> 00:06:40.540 Diversification of portfolio. Doug, list that 00:06:40.540 --> 00:06:42.920 as another big benefit. It's a good reason. Okay, 00:06:43.060 --> 00:06:46.000 so why is diversification so important? So imagine 00:06:46.000 --> 00:06:48.639 you put all your eggs in one basket. Oh no, the 00:06:48.639 --> 00:06:50.680 basket tips over. All your eggs are gone. Like 00:06:50.680 --> 00:06:53.680 disaster. My breakfast is ruined. Exactly. Same 00:06:53.680 --> 00:06:55.720 thing with your investments. If you put everything 00:06:55.720 --> 00:06:58.579 into just one thing. These stocks. And the stock 00:06:58.579 --> 00:07:01.040 market tanks. You're in trouble. You're in a 00:07:01.040 --> 00:07:03.620 world of hurt. But if you spread your investments 00:07:03.620 --> 00:07:06.779 around... Diversify. Exactly. Yeah. You're not 00:07:06.779 --> 00:07:09.879 as exposed to the ups and downs of any one market. 00:07:10.800 --> 00:07:12.699 Makes sense. Don't put all your eggs in one basket. 00:07:12.800 --> 00:07:15.500 That's the golden rule of investing. And silver 00:07:15.500 --> 00:07:18.399 can be a really valuable part of that diversified 00:07:18.399 --> 00:07:20.620 portfolio. So how does silver fit into that? 00:07:20.740 --> 00:07:22.779 Well, think about it. When a stock market is 00:07:22.779 --> 00:07:25.720 doing poorly, sometimes precious metals like 00:07:25.720 --> 00:07:28.980 silver, they go up. Really? So it's like a counterbalance? 00:07:29.139 --> 00:07:31.759 It can be. Not always, of course. But historically, 00:07:32.000 --> 00:07:34.139 it's acted as a safe haven for some investors. 00:07:34.360 --> 00:07:36.180 So when one thing is down, the other might be 00:07:36.180 --> 00:07:38.339 up. Exactly. And that can help smooth out the 00:07:38.339 --> 00:07:41.240 ride for your overall portfolio. Doug calls it 00:07:41.240 --> 00:07:44.120 building resilience. I like that. A resilient 00:07:44.120 --> 00:07:46.120 portfolio. Yeah, one that can handle the punches. 00:07:46.420 --> 00:07:50.040 OK. So diversification reduces risk. Check. Now, 00:07:50.079 --> 00:07:52.540 Doug also talks about historical value stability. 00:07:52.720 --> 00:07:54.800 Yeah, silver has been around for a long time. 00:07:54.819 --> 00:07:57.879 A long time. What makes silver so stable as an 00:07:57.879 --> 00:08:00.100 asset? Well, for centuries, silver has been a 00:08:00.100 --> 00:08:02.500 store of value. People have trusted it. They 00:08:02.500 --> 00:08:05.519 have. It's been through wars, recessions, you 00:08:05.519 --> 00:08:07.740 name it. It's seen it all. And it's still standing. 00:08:07.860 --> 00:08:10.220 It's got this inherent value that's been recognized 00:08:10.220 --> 00:08:13.519 for generations. Plus, Doug mentions that silver 00:08:13.519 --> 00:08:15.560 is used in a lot of industries. Oh yeah, like 00:08:15.560 --> 00:08:18.759 what? Electronic solar panels, even healthcare. 00:08:19.000 --> 00:08:22.420 Huh. So it's not just some shiny metal sitting 00:08:22.420 --> 00:08:25.139 in a vault? Nope. It's got real -world uses. 00:08:25.660 --> 00:08:28.839 And that demand helps support its value. Interesting. 00:08:29.060 --> 00:08:31.279 OK, so historical track record, industrial demand, 00:08:31.660 --> 00:08:33.960 that all contributes to its stability. Exactly. 00:08:34.019 --> 00:08:36.899 It's not just a fad. Got it. And then the last 00:08:36.899 --> 00:08:38.779 benefit that Doug talks about is tax -deferred 00:08:38.779 --> 00:08:41.200 growth. That's another big one. OK, so we touched 00:08:41.200 --> 00:08:44.179 on the general tax advantages. But how does this 00:08:44.179 --> 00:08:47.250 specific benefit work with a silver IRA? Okay, 00:08:47.389 --> 00:08:49.210 so picture this. All right, unpictured. Your 00:08:49.210 --> 00:08:51.610 silver investments, they go up in value. Nice. 00:08:51.809 --> 00:08:54.110 You're making money. Sweet. But you don't pay 00:08:54.110 --> 00:08:56.330 taxes on those gains right away. Not until you 00:08:56.330 --> 00:08:58.769 take the money out. Exactly. Just like other 00:08:58.769 --> 00:09:00.929 retirement accounts, those taxes are deferred 00:09:00.929 --> 00:09:03.450 until you retire. Ah, so the money gets to grow 00:09:03.450 --> 00:09:06.230 and compound without the tax man taking a cut 00:09:06.230 --> 00:09:09.450 every year. Exactly. And Doug points out that 00:09:09.450 --> 00:09:12.169 this can make a huge difference over time. Because 00:09:12.169 --> 00:09:14.659 all those gains are reinvested. They are. And 00:09:14.659 --> 00:09:16.559 they're earning more gains. It's like a snowball 00:09:16.559 --> 00:09:19.580 effect. A silver snowball rolling down the hill 00:09:19.580 --> 00:09:21.980 getting bigger and bigger. I love that visual. 00:09:22.419 --> 00:09:25.500 OK, so those are some pretty compelling arguments 00:09:25.500 --> 00:09:29.080 for considering a silver IRA. Right. They've 00:09:29.080 --> 00:09:31.470 got a lot going for them. But let's be real. 00:09:31.570 --> 00:09:33.730 There's always a catch. There's always a but. 00:09:34.669 --> 00:09:37.870 And Doug, being the thorough guy, he also delves 00:09:37.870 --> 00:09:39.950 into the rules and regulations. Oh, yeah. The 00:09:39.950 --> 00:09:42.590 IRS has their say. Because there are rules. Definitely. 00:09:42.629 --> 00:09:44.570 And we got to follow them. Got to stay on the 00:09:44.570 --> 00:09:47.070 right side of the law. Exactly. So let's talk 00:09:47.070 --> 00:09:50.610 IRS guidelines. First up, IRS approved silver. 00:09:50.990 --> 00:09:53.629 What kind of silver can you actually put in a 00:09:53.629 --> 00:09:56.370 silver IRA? Good question, because it's not just 00:09:56.370 --> 00:09:58.330 any silver. Right, you can't just go to a pawn 00:09:58.330 --> 00:10:01.070 shop. No, no, no, the IRS is very specific. The 00:10:01.070 --> 00:10:03.610 main thing is purity. Purity. Yeah, the silver 00:10:03.610 --> 00:10:07.529 needs to be almost pure. Doug mentions 99 .9 00:10:07.529 --> 00:10:11.590 % purity as the standard. Wow, so almost perfect. 00:10:11.769 --> 00:10:15.129 Almost. And there are specific types of silver 00:10:15.129 --> 00:10:17.870 that meet this standard. Okay, like what? Give 00:10:17.870 --> 00:10:20.149 me some examples. Doug gives a few. American 00:10:20.149 --> 00:10:22.720 silver eagles. I've heard of those. Canadian 00:10:22.720 --> 00:10:25.759 silver maple leafs. OK. And then certain silver 00:10:25.759 --> 00:10:28.879 bars made by approved mints. So it's got to be 00:10:28.879 --> 00:10:32.299 the good stuff. The top shelf silver. And your 00:10:32.299 --> 00:10:34.679 silver IRA company, they'll be able to guide 00:10:34.679 --> 00:10:37.299 you on which specific coins and bars are eligible. 00:10:37.379 --> 00:10:38.799 So they'll make sure you're buying the right 00:10:38.799 --> 00:10:40.899 thing. Exactly. They'll keep you on the straight 00:10:40.899 --> 00:10:44.899 and narrow. OK. So IRS approved silver check. 00:10:45.690 --> 00:10:48.190 What about storage? Where does all this silver 00:10:48.190 --> 00:10:51.289 actually live? Ah, good point. You can't just 00:10:51.289 --> 00:10:52.769 stash it under your mattress. Right. I mean, 00:10:52.889 --> 00:10:55.690 it's a lot of silver, presumably. Yeah. And the 00:10:55.690 --> 00:10:58.330 IRS has rules about this, too. Doug talks about 00:10:58.330 --> 00:11:01.149 IRS storage requirements. OK. So basically, your 00:11:01.149 --> 00:11:03.450 silver has to be kept in an approved depository. 00:11:03.570 --> 00:11:05.830 A depository? Yeah. Think of it like a super 00:11:05.830 --> 00:11:08.490 secure vault. Like Fort Knox for silver. Exactly. 00:11:08.730 --> 00:11:10.570 Built for protecting precious metals. Sounds 00:11:10.570 --> 00:11:13.309 intense. It is. And there's a reason for it. 00:11:13.500 --> 00:11:16.519 This ensures the security of your assets. And 00:11:16.519 --> 00:11:18.179 it keeps everything above board with the IRS. 00:11:18.580 --> 00:11:20.240 Absolutely. Plus you don't have to worry about 00:11:20.240 --> 00:11:22.320 storing all that silver yourself. Right, because 00:11:22.320 --> 00:11:24.539 that could be a logistical nightmare. Not to 00:11:24.539 --> 00:11:27.360 mention risky. Okay, so secure storage in an 00:11:27.360 --> 00:11:30.080 approved depository check. Yeah. What about getting 00:11:30.080 --> 00:11:32.179 money into the account? What are the contribution 00:11:32.179 --> 00:11:34.379 rules? All right, so this is important. Silver 00:11:34.379 --> 00:11:36.820 IRAs, they have the same contribution limits 00:11:36.820 --> 00:11:41.480 as traditional and Roth IRAs. OK. For 2025, Doug's 00:11:41.480 --> 00:11:44.399 information says the limit is $7 ,000 if you're 00:11:44.399 --> 00:11:48.779 under 50. OK. And $8 ,000 if you're 50 or older. 00:11:49.440 --> 00:11:51.500 So those are the magic numbers. The magic numbers. 00:11:51.720 --> 00:11:53.779 Don't go over. Why not? What happens if you do? 00:11:54.379 --> 00:11:57.220 Penalties. Oh, no. Yeah, you could face a 6 % 00:11:57.220 --> 00:11:59.480 penalty every year on the amount you go over. 00:12:00.059 --> 00:12:02.899 Ouch. So stick to the limits. Stick to the limits. 00:12:03.139 --> 00:12:05.360 And here's another thing. You can only contribute 00:12:05.360 --> 00:12:08.440 cash. Cash. You can't just dump a bag of silver 00:12:08.440 --> 00:12:11.679 coins into your IRA. Huh. So it's cash first, 00:12:11.799 --> 00:12:14.159 then you use that cash to buy the silver. That's 00:12:14.159 --> 00:12:17.179 the process. Cash goes in, then you work with 00:12:17.179 --> 00:12:19.940 your silver IRA company to buy the approved silver. 00:12:20.240 --> 00:12:23.519 Got it. Cash then silver. Okay. What about when 00:12:23.519 --> 00:12:26.759 you want to take money out? What are the withdrawal 00:12:26.759 --> 00:12:29.179 rules? So this is where it gets a little tricky. 00:12:29.220 --> 00:12:32.159 I figured The general rule is, if you take money 00:12:32.159 --> 00:12:35.220 out before you're 59 and a half, you get penalized. 00:12:35.299 --> 00:12:38.500 Big time. There's a 10 % early withdrawal penalty. 00:12:38.600 --> 00:12:41.620 Oof. On top of the regular taxes, you know. Exactly. 00:12:42.019 --> 00:12:44.019 Unless it's a Roth contribution. Right, because 00:12:44.019 --> 00:12:46.139 you already paid taxes on that money. Exactly. 00:12:46.500 --> 00:12:48.279 Now, there are some exceptions to that penalty, 00:12:48.500 --> 00:12:50.539 though. Like what? Doug mentions disability. 00:12:50.990 --> 00:12:53.570 and certain first time home purchases. So those 00:12:53.570 --> 00:12:56.070 are special cases. Special cases. But generally 00:12:56.070 --> 00:12:57.889 speaking, you got to wait until you're 59 and 00:12:57.889 --> 00:12:59.929 a half to avoid the penalty. Or face the music. 00:13:00.190 --> 00:13:04.169 Exactly. And then for traditional silver IRAs, 00:13:04.429 --> 00:13:08.009 once you hit 73, you're usually required to start 00:13:08.009 --> 00:13:11.269 taking RMDs. Required Minimum Distributions. 00:13:11.649 --> 00:13:13.289 Basically, you have to start withdrawing a certain 00:13:13.289 --> 00:13:15.450 amount each year. So the government can finally 00:13:15.450 --> 00:13:19.120 get their tax cut? Yep. But Roth IRAs... Those 00:13:19.120 --> 00:13:22.139 are exempt from RMDs. No RMDs with a Roth. So 00:13:22.139 --> 00:13:23.899 that's another thing to consider when you're 00:13:23.899 --> 00:13:26.200 choosing the type of account. Okay, so early 00:13:26.200 --> 00:13:29.379 withdrawal penalties, RMDs for traditional accounts. 00:13:30.700 --> 00:13:34.600 Got it. What about reporting requirements? Ah, 00:13:34.840 --> 00:13:37.720 the paperwork. Nobody likes paperwork. But it's 00:13:37.720 --> 00:13:40.259 important. I know, I know. What do we need to 00:13:40.259 --> 00:13:42.860 know about reporting? So just like with any IRA, 00:13:43.080 --> 00:13:45.580 you're going to get tax forms. Joy. Doug mentions 00:13:45.580 --> 00:13:49.519 a couple. Form 5498. What's that one for? That 00:13:49.519 --> 00:13:52.039 reports your contributions. OK. And then form 00:13:52.039 --> 00:13:56.179 1099 -R. And that one's for? Any distributions 00:13:56.179 --> 00:13:58.960 you take. OK. So those forms, they'll come from 00:13:58.960 --> 00:14:01.299 the custodian right? Exactly. They handle all 00:14:01.299 --> 00:14:03.019 that stuff. And we just need to make sure everything 00:14:03.019 --> 00:14:06.500 is reported correctly and on time. To the IRS. 00:14:07.219 --> 00:14:09.159 Otherwise you could run into trouble. So stay 00:14:09.159 --> 00:14:11.860 organized, keep good records. Absolutely, it's 00:14:11.860 --> 00:14:13.899 worth it in the long run. Okay, so we've covered 00:14:13.899 --> 00:14:15.919 the IRS side of things. Rules and regulations. 00:14:16.039 --> 00:14:18.059 Now let's talk about actually setting up a silver 00:14:18.059 --> 00:14:20.960 IRA. The nuts and bolts. Exactly. Doug walks 00:14:20.960 --> 00:14:22.799 us through the steps. So what's the first thing 00:14:22.799 --> 00:14:25.259 we need to do? Alright, so before you do anything. 00:14:25.419 --> 00:14:27.559 Before you even think about silver. You got to 00:14:27.559 --> 00:14:29.740 figure out which type of silver IRA is right 00:14:29.740 --> 00:14:33.039 for you. Right. Traditional Rothsepp. Exactly. 00:14:33.460 --> 00:14:35.919 And this comes down to your personal financial 00:14:35.919 --> 00:14:38.600 situation. Like your income, your tax bracket. 00:14:38.740 --> 00:14:41.659 Your goals. Yeah. What are you trying to achieve? 00:14:41.740 --> 00:14:43.659 And this is where a financial advisor can come 00:14:43.659 --> 00:14:45.759 in handy. Yeah, this is super helpful. OK, so 00:14:45.759 --> 00:14:47.659 choose the right type of account. What's next? 00:14:47.960 --> 00:14:50.000 Next, you got to find yourself a good silver 00:14:50.000 --> 00:14:52.039 IRA company. OK, so this is the company that's 00:14:52.039 --> 00:14:53.620 going to help me set up and manage my account. 00:14:53.879 --> 00:14:56.919 Exactly. And Doug is very clear about this. You 00:14:56.919 --> 00:14:59.799 got to do your homework. Shop around. Shop around. 00:15:00.059 --> 00:15:02.700 Look for a company with a solid track record. 00:15:03.200 --> 00:15:05.580 Experience matters. It does. You want someone 00:15:05.580 --> 00:15:08.679 who knows what they're doing and makes sure they've 00:15:08.679 --> 00:15:11.399 got transparent fees. No hidden costs. Nope. 00:15:11.580 --> 00:15:14.399 Everything laid out in black and white. And of 00:15:14.399 --> 00:15:16.080 course, good customer service. You want someone 00:15:16.080 --> 00:15:17.759 who's going to be there for you. Absolutely. 00:15:18.200 --> 00:15:20.519 Someone who can answer your questions and guide 00:15:20.519 --> 00:15:23.399 you through the process. OK, so track record 00:15:23.399 --> 00:15:26.000 fees. customer service. Those are the big three. 00:15:26.200 --> 00:15:28.440 And luckily, Doug, he actually gives us his top 00:15:28.440 --> 00:15:31.639 picks. He does. He does. He's got his my three 00:15:31.639 --> 00:15:34.620 best silver IRA companies for twenty twenty five. 00:15:34.840 --> 00:15:37.639 OK, lay it on me. All right. So this top three 00:15:37.639 --> 00:15:41.580 are Augusta Precious Metals. OK, Gold Co. Got 00:15:41.580 --> 00:15:43.679 it. And American Hartford Gold. All right. So 00:15:43.679 --> 00:15:45.960 those are the big names. The cream of the crop. 00:15:46.240 --> 00:15:48.360 And he singles out one of them as a leader in 00:15:48.360 --> 00:15:51.419 the industry. He does. Interesting. OK, so we've 00:15:51.419 --> 00:15:54.289 got. our type of account, we've picked our silver 00:15:54.289 --> 00:15:56.970 IRA company, what's next? Now we need a custodian. 00:15:57.169 --> 00:15:59.370 A custodian. Yeah, this is another important 00:15:59.370 --> 00:16:01.990 piece of the puzzle. Okay, so remind me what 00:16:01.990 --> 00:16:05.409 a custodian does. So the custodian, they're basically 00:16:05.409 --> 00:16:07.950 the administrator of your account. They handle 00:16:07.950 --> 00:16:09.789 all the behind -the -scenes stuff. Exactly, they 00:16:09.789 --> 00:16:12.149 do all the paperwork, they make sure the silver 00:16:12.149 --> 00:16:14.710 is stored properly in that approved depository. 00:16:14.710 --> 00:16:16.669 Okay. They handle transactions, they're like 00:16:16.669 --> 00:16:18.909 the go -between between you and the IRS. So they're 00:16:18.909 --> 00:16:20.860 making sure everything is by the book. Buy the 00:16:20.860 --> 00:16:23.820 book to a tee. And Doug points out that similar 00:16:23.820 --> 00:16:26.480 IRA companies, they usually have relationships 00:16:26.480 --> 00:16:28.259 with different custodians. So they can recommend 00:16:28.259 --> 00:16:30.879 someone they trust. Exactly. And it often makes 00:16:30.879 --> 00:16:32.919 sense to go with their recommendation. Because 00:16:32.919 --> 00:16:34.840 they've already vetted them. They have. They 00:16:34.840 --> 00:16:37.299 know who's good and who's not. OK, so we've got 00:16:37.299 --> 00:16:39.080 our company. We've got our custodians to it. 00:16:39.220 --> 00:16:42.559 And how do we actually fund this thing? How do 00:16:42.559 --> 00:16:45.000 we get money into our silver IRA? All right. 00:16:45.000 --> 00:16:47.179 So there are a few ways you can do this. Hit 00:16:47.179 --> 00:16:50.159 me. You can make a direct contribution. Okay. 00:16:50.340 --> 00:16:53.600 With cash, remember cash only. Right, no silver 00:16:53.600 --> 00:16:55.740 bars allowed. And you gotta stay within those 00:16:55.740 --> 00:16:58.240 contribution limits we talked about. The $7 ,000 00:16:58.240 --> 00:17:01.740 or $8 ,000 depending on your age. Exactly, don't 00:17:01.740 --> 00:17:04.339 go over. Okay, cash contribution check, what 00:17:04.339 --> 00:17:06.839 else? You can transfer funds from an existing 00:17:06.839 --> 00:17:09.019 IRA. Oh, like a traditional IRA I already have. 00:17:09.279 --> 00:17:11.700 Exactly, and the good news is you can do this 00:17:11.700 --> 00:17:13.640 without triggering any taxes or pendant ice. 00:17:13.799 --> 00:17:16.599 Nice. It's a smooth transfer. Okay, so transfer 00:17:16.599 --> 00:17:19.740 from an existing IRA check. Any other options? 00:17:19.859 --> 00:17:23.079 The last one is a rollover. Yeah, you can rollover 00:17:23.079 --> 00:17:25.059 funds from a qualified retirement plan. Like 00:17:25.059 --> 00:17:28.960 a 401k? Exactly. But Doug warns us there's a 00:17:28.960 --> 00:17:31.619 time limit. Oh. You got to complete the rollover 00:17:31.619 --> 00:17:34.279 within 60 days. Or else? Or else you could get 00:17:34.279 --> 00:17:37.680 hit with taxes and penalties. So 60 days is the 00:17:37.680 --> 00:17:40.160 magic window. The magic window. Don't miss it. 00:17:40.380 --> 00:17:42.859 All right. So cash contribution transfer rollover. 00:17:43.200 --> 00:17:45.299 Those are our options for funding the account. 00:17:45.700 --> 00:17:47.619 Now what happens once the money is in there? 00:17:47.740 --> 00:17:50.559 Okay, so once your account is funded, it's time 00:17:50.559 --> 00:17:53.039 to buy some silver. It's shopping time. And this 00:17:53.039 --> 00:17:55.579 is where your silver IRA company really steps 00:17:55.579 --> 00:17:57.839 up. They help you pick out the silver. They do. 00:17:58.000 --> 00:18:00.140 They'll show you all the options that meet the 00:18:00.140 --> 00:18:02.619 IRS requirements. The approved coins and bars. 00:18:03.059 --> 00:18:05.299 Exactly. And they'll help you navigate the whole 00:18:05.299 --> 00:18:07.359 buying process. So they're like your personal 00:18:07.359 --> 00:18:10.200 silver shoppers. In a way, yeah. Okay, so we've 00:18:10.200 --> 00:18:12.619 picked our silver. We've bought it. Where does 00:18:12.619 --> 00:18:14.720 it go? Straight to the depository. It's got a 00:18:14.720 --> 00:18:19.319 super secure vault. The one and only. Your custodian 00:18:19.319 --> 00:18:22.039 will handle the logistics. So they arrange the 00:18:22.039 --> 00:18:24.140 transfer. They do. And they make sure the silver 00:18:24.140 --> 00:18:26.740 is stored correctly. According to the IRS rules. 00:18:27.180 --> 00:18:30.119 I dotted every T crossed. And this is crucial 00:18:30.119 --> 00:18:32.779 because if you don't store the silver properly. 00:18:32.779 --> 00:18:35.440 We could lose those tax benefits. Exactly. So 00:18:35.440 --> 00:18:37.019 it's not something you want to mess around with. 00:18:37.099 --> 00:18:39.359 Definitely not. Yeah. OK, so we've set up the 00:18:39.359 --> 00:18:41.920 account. We funded it. We bought the silver. 00:18:42.480 --> 00:18:45.220 It's safely stored away. We're good. Well, not 00:18:45.220 --> 00:18:48.000 so fast. There's always a catch. Doug being the 00:18:48.000 --> 00:18:50.599 diligent guy he is, he also covers the potential 00:18:50.599 --> 00:18:52.859 risks and drawbacks. Because no investment is 00:18:52.859 --> 00:18:54.960 perfect. Right. There's always some level of 00:18:54.960 --> 00:18:58.259 risk. And silver is no exception. Okay, so what 00:18:58.259 --> 00:19:01.359 are some of the downsides of silver IRAs? What 00:19:01.359 --> 00:19:04.400 should we be aware of? Alright, so one big thing 00:19:04.400 --> 00:19:08.559 is market volatility. Meaning? The price of silver 00:19:08.759 --> 00:19:11.380 It can go up and down. It fluctuates. It does. 00:19:11.420 --> 00:19:13.559 Sometimes a lot. And this is due to a bunch of 00:19:13.559 --> 00:19:16.420 factors. Like what? The economy, geopolitical 00:19:16.420 --> 00:19:19.240 events, currency movements, you name it. So a 00:19:19.240 --> 00:19:21.000 lot of things can influence the price of silver. 00:19:21.299 --> 00:19:23.400 A lot of things. And those price swings, they 00:19:23.400 --> 00:19:26.500 can impact the value of your IRA. So your investment 00:19:26.500 --> 00:19:28.420 could go up. Or it could go down. So you gotta 00:19:28.420 --> 00:19:30.440 be prepared for that. Absolutely. You gotta have 00:19:30.440 --> 00:19:33.000 a long -term mindset. Don't freak out if the 00:19:33.000 --> 00:19:35.900 price dips. Don't panic. And this is why diversification 00:19:35.900 --> 00:19:38.140 is so important. Right, spread the risk. Don't 00:19:38.140 --> 00:19:40.680 put all your eggs in the silver basket. OK, so 00:19:40.680 --> 00:19:44.019 market volatility check. What other risks should 00:19:44.019 --> 00:19:47.000 we be aware of? Well, another big one is IRS 00:19:47.000 --> 00:19:50.119 penalties. We talked about those a little bit. 00:19:50.160 --> 00:19:52.940 We did, but it's worth repeating. OK. You mess 00:19:52.940 --> 00:19:55.039 up if you don't follow the rules. The IRS will 00:19:55.039 --> 00:19:57.990 come knocking. They will. And they won't be happy. 00:19:58.329 --> 00:20:00.829 So what kind of mistakes could lead to penalties? 00:20:00.950 --> 00:20:02.809 Well, exceeding those contribution limits we 00:20:02.809 --> 00:20:05.470 talked about. Okay. Taking money out early without 00:20:05.470 --> 00:20:07.529 a good reason. Right, those early withdrawal 00:20:07.529 --> 00:20:09.809 penalties. Not storing your silver correctly. 00:20:10.089 --> 00:20:12.410 Oh yeah, that's a big one. Huge. You gotta use 00:20:12.410 --> 00:20:15.009 improved depositories. No exceptions. No exceptions. 00:20:15.170 --> 00:20:18.029 So Doug's advice is pretty straightforward. What's 00:20:18.029 --> 00:20:20.769 that? Work closely with your custodian. They're 00:20:20.769 --> 00:20:24.230 the experts. They are. And stay informed. About 00:20:24.230 --> 00:20:27.359 the IRS rules. All of them. Read the fine print. 00:20:27.920 --> 00:20:30.359 So vigilance is key. Vigilance is key. You gotta 00:20:30.359 --> 00:20:33.019 be on top of your game. Okay, so market volatility, 00:20:33.059 --> 00:20:36.539 IRS penalties, those are the big risks. Now Doug 00:20:36.539 --> 00:20:39.500 also includes a section on frequently asked questions. 00:20:39.680 --> 00:20:42.799 The FAQs. Yeah. So let's tackle a few that our 00:20:42.799 --> 00:20:45.119 listeners might be wondering about. First up, 00:20:45.420 --> 00:20:48.920 is everyone eligible to open a silver IRA? Doug's 00:20:48.920 --> 00:20:51.259 research suggests that most people with earned 00:20:51.259 --> 00:20:55.210 income are eligible, but... There are income 00:20:55.210 --> 00:20:58.849 limits for Roth Silver IRAs. Ah, so if you make 00:20:58.849 --> 00:21:00.789 too much money. You might not be able to contribute 00:21:00.789 --> 00:21:03.549 to a Roth. But you could still do a traditional. 00:21:03.930 --> 00:21:05.990 Exactly. So it really depends on your situation. 00:21:06.190 --> 00:21:08.049 And Doug recommends talking to a professional. 00:21:08.250 --> 00:21:11.410 Either a Silver IRA company or a financial advisor. 00:21:11.529 --> 00:21:12.829 And they can help you figure out if you're eligible. 00:21:12.930 --> 00:21:14.869 They can. And they can guide you through the 00:21:14.869 --> 00:21:17.410 whole process. OK, so eligibility check. Another 00:21:17.410 --> 00:21:20.069 question. Can I include other precious metals 00:21:20.069 --> 00:21:22.700 in my Silver IRA besides just silver? Yes, you 00:21:22.700 --> 00:21:26.240 actually can. Really? Yeah. A silver IRA is actually 00:21:26.240 --> 00:21:29.019 a type of precious metals IRA. Oh, interesting. 00:21:29.079 --> 00:21:31.980 So you can include other IRS approved metals 00:21:31.980 --> 00:21:35.680 like gold, platinum, palladium. So it's not just 00:21:35.680 --> 00:21:37.759 limited to silver? Nope. You've got options. 00:21:37.880 --> 00:21:40.079 And what's the benefit of including those other 00:21:40.079 --> 00:21:42.440 metals? Well, Doug says it adds another layer 00:21:42.440 --> 00:21:45.480 of diversification. OK. Because even within the 00:21:45.480 --> 00:21:47.619 precious metals market, there can be fluctuations. 00:21:48.019 --> 00:21:50.299 So spread the risk even further. Exactly. Don't 00:21:50.299 --> 00:21:52.319 put all your precious metal eggs in one basket. 00:21:52.559 --> 00:21:55.480 Got it. But those other metals, they still have 00:21:55.480 --> 00:21:58.059 to meet the IRS requirements, right? Absolutely. 00:21:58.420 --> 00:22:01.279 Same purity standards, same storage rules. OK. 00:22:01.359 --> 00:22:03.460 So diversification within the precious metals 00:22:03.460 --> 00:22:06.680 category check. How often should we be reviewing 00:22:06.680 --> 00:22:10.039 our silver IRA portfolio? Good question. Doug 00:22:10.039 --> 00:22:13.160 recommends at least once a year. Annually? At 00:22:13.160 --> 00:22:16.349 least. And maybe more often if the market is 00:22:16.349 --> 00:22:18.430 really going crazy. Like if there are big swings. 00:22:18.869 --> 00:22:22.150 Exactly. Big upswings, big downswings, anything 00:22:22.150 --> 00:22:24.289 that could impact your investments. Okay, so 00:22:24.289 --> 00:22:26.789 annual checkup at minimum. And during those checkups, 00:22:26.809 --> 00:22:28.910 what are you looking at? Well, your goals, obviously. 00:22:29.069 --> 00:22:30.730 Right. Are you still on track to meet your goals? 00:22:30.829 --> 00:22:33.369 Your risk tolerance. Has that changed? And then 00:22:33.369 --> 00:22:36.099 the performance of your investments. How is your 00:22:36.099 --> 00:22:38.079 silver doing? Is it going up? Is it going down? 00:22:38.279 --> 00:22:40.519 So it's all about making sure your strategy is 00:22:40.519 --> 00:22:42.779 still aligned. With your overall financial plan. 00:22:42.980 --> 00:22:45.319 Okay, so regular checkup's important. And the 00:22:45.319 --> 00:22:48.740 last question, a very practical one. Are there 00:22:48.740 --> 00:22:52.500 fees involved with a silver IRA? There are. I 00:22:52.500 --> 00:22:54.700 figure there had to be. Nothing in life is free, 00:22:54.859 --> 00:22:58.259 right? Sadly no. So what kind of fees are we 00:22:58.259 --> 00:23:00.619 talking about? Well, Doug breaks it down. Lay 00:23:00.619 --> 00:23:03.440 it on me. You've got setup fees. Open the account. 00:23:03.529 --> 00:23:05.950 Annual maintenance fees. We keep the lights on. 00:23:06.309 --> 00:23:09.250 Storage fees. For that fancy depository. And 00:23:09.250 --> 00:23:12.109 then transaction fees. When you buy or sell silver. 00:23:12.609 --> 00:23:14.910 Exactly. So those are the main ones. And do the 00:23:14.910 --> 00:23:17.390 fees vary? They do. Doug says it depends on the 00:23:17.390 --> 00:23:19.509 company you choose, the custodian they work with, 00:23:19.650 --> 00:23:21.950 the depository, all of that. So it's not a one 00:23:21.950 --> 00:23:24.069 size fits all situation. Nope. Yeah, shop around, 00:23:24.150 --> 00:23:26.430 compare fees. Yeah, make sure everything is transparent. 00:23:26.690 --> 00:23:30.650 Absolutely. No hidden surprises. OK, so fees 00:23:30.650 --> 00:23:33.359 are a factor. Good to know. Well, I think we've 00:23:33.359 --> 00:23:34.799 covered a lot of ground here. Eat them through 00:23:34.799 --> 00:23:37.359 it all. From the basics of what a silver IRA 00:23:37.359 --> 00:23:39.980 is. To the different types. The benefits, the 00:23:39.980 --> 00:23:43.019 risks, the rules. Well. The setup. We've left 00:23:43.019 --> 00:23:46.000 no stone unturned. And it's all thanks to Doug 00:23:46.000 --> 00:23:48.519 Young's amazing research. He's the real MVP. 00:23:48.740 --> 00:23:52.480 He really is. So to sum up. Okay. Silver IRAs, 00:23:52.480 --> 00:23:55.220 they offer a unique way to diversify your retirement 00:23:55.220 --> 00:23:57.460 savings. With a tangible asset. One that has 00:23:57.460 --> 00:24:00.920 a long history of holding its value. And... potentially 00:24:00.920 --> 00:24:03.240 acting as a hedge against inflation. But we can't 00:24:03.240 --> 00:24:06.519 forget about the IRS. Oh no, the IRS always gets 00:24:06.519 --> 00:24:09.079 their due. There are specific rules about the 00:24:09.079 --> 00:24:11.119 type of silver you can hold. How it has to be 00:24:11.119 --> 00:24:13.240 stored. How much you can contribute. When you 00:24:13.240 --> 00:24:15.720 can withdraw. And it's crucial to understand 00:24:15.720 --> 00:24:18.140 all those rules. To avoid any nasty surprises. 00:24:18.420 --> 00:24:20.640 Exactly. And then remember those different types 00:24:20.640 --> 00:24:23.619 of silver IRAs? Traditional rock sub. Each one 00:24:23.619 --> 00:24:25.640 has its own tax implications. So you got to pick 00:24:25.640 --> 00:24:28.200 the one that fits your goals. And then, of course, 00:24:28.299 --> 00:24:30.440 there's market volatility. Silver prices can 00:24:30.440 --> 00:24:32.759 go up and down. So you got to be prepared for 00:24:32.759 --> 00:24:34.900 that. Don't put all your eggs in one basket. 00:24:35.519 --> 00:24:38.440 And lastly, those IRS penalties. They're real. 00:24:38.579 --> 00:24:41.460 They're no joke. So stay informed, follow the 00:24:41.460 --> 00:24:44.000 rules. Work with your custodian. And do your 00:24:44.000 --> 00:24:47.099 due diligence. Excellent advice. All right, so 00:24:47.099 --> 00:24:49.460 here's a final thought for you all to chew on. 00:24:49.640 --> 00:24:52.200 All right, I'm listening. Silver, it's got this 00:24:52.200 --> 00:24:55.119 incredible history. Thousands of years. People 00:24:55.119 --> 00:24:58.140 have trusted it as a store of value for centuries. 00:24:58.619 --> 00:25:01.559 And it's not just some relic of the past. It's 00:25:01.559 --> 00:25:04.319 got real world uses today. In all sorts of industries. 00:25:04.559 --> 00:25:07.900 So given all that, how might adding some silver 00:25:07.900 --> 00:25:10.799 to your retirement portfolio help you reach your 00:25:10.799 --> 00:25:13.480 financial goals? That's the question. How would 00:25:13.480 --> 00:25:15.960 it impact your overall diversification strategy? 00:25:16.140 --> 00:25:17.980 Especially with all the economic uncertainty 00:25:17.980 --> 00:25:20.799 in the world today. Yeah, the future is unpredictable. 00:25:21.099 --> 00:25:23.920 It is. But silver, it's got the staying power. 00:25:24.019 --> 00:25:26.079 It does. So it's definitely something to consider. 00:25:26.359 --> 00:25:28.839 Definitely worth exploring. Do your research 00:25:28.839 --> 00:25:31.500 talk to a financial advisor? See if it makes 00:25:31.500 --> 00:25:33.680 sense for you. Because ultimately, it's about 00:25:33.680 --> 00:25:36.500 securing your future. It's about building a solid 00:25:36.500 --> 00:25:40.319 foundation. And who knows? Silver might just 00:25:40.319 --> 00:25:43.240 be a part of that foundation. It could be. It's 00:25:43.240 --> 00:25:45.660 a fascinating option to consider. Will said. 00:25:46.059 --> 00:25:48.180 Thanks for joining us on this deep dive, folks. 00:25:48.359 --> 00:25:51.099 It's been a pleasure. Until next time, stay informed 00:25:51.099 --> 00:25:54.099 and stay invested. And stay silver savvy. I like 00:25:54.099 --> 00:25:55.579 that. Expert speaker.