While most of us have heard stories of different coin collectors that have amassed very specific coin collections that they have kept for show, there are those that we seldom hear about. These coin hoarders are less concerned with collection coins for the sake of creating a collection, instead they harbor fears such as a natural distrust of banks. Lavere Redfield was once such hoarder and in his lifetime amassed over 400,000 silver dollars. As a young man born at the turn of the 20th century, Lavere Redfield was a simple potato farmer. When the Great Depression hit, he decided to take a chance and move to California. Here he began to buy junk bonds and foreclosed property as a form of investment. Once the depression ended he turned his investments into a small fortune that allowed him to purchase his own rather large home on farmable acreage in Reno, Nevada.
One of the qualities that precious metal investors appreciate is the lack of volatility as compared to stocks, bonds or other types of investments out there today. By including gold or silver, they are able to establish a fund that can hedge against global market fluctuations and make sure that their retirement fund has a bit more protection. Silver American Eagle coins are a popular choice as well as platinum bullion coins. These three types of precious metals, along with palladium, are allowed in the IRA account.