Anyone know of any disadvantages of buying a gold ETF versus holding physical gold in an IRA?
04-12-2006, 07:42 PM
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Anyone know of any disadvantages of buying a gold ETF versus holding physical gold in an IRA?
With gold knocking at $600, I'm thinking of selling off the gold bullion in my IRA (which will take about 2-3 weeks to convert into cash) and buying into a gold ETF to improve my liquidity, if and when I feel that gold is topping out.
04-12-2006, 07:48 PM
#2
I think this has to be *the* most off-topic serious post ever in the S4 forum...
...and I never really realized you could hold gold bullion in an IRA. Guess anything that's an investment you technically can do...
04-12-2006, 07:56 PM
#3
Well with Self Directed IRA's, you make real estate investments etc.. Gold is nice right now
And Silver has gone up quite a few bucks in the last month or so as well.
As the dollar because worth less and less, metals will be worth more and more.
As the dollar because worth less and less, metals will be worth more and more.
04-12-2006, 08:10 PM
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Yep, there're two companies that I know of that handle this. I put about a third of
my portfolio into gold and silver (90% gold and 10% silver) in 2001 when the price of gold was down to production cost. I tried to talk family and friends into doing the same but they looked at me like I was crazy. Quite frankly, I think they're crazy for not putting some of their assets into precious metals as a hedge. With world instability increasing, inflation rising, the dollar falling, etc., etc., it seems a pretty safe bet.
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04-12-2006, 10:28 PM
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The dollar thing baffels me... hell the EU is in worse shape then we are...
Germany unemployement is at over 10%, France at over 12% and forget about Italy they are so messed up. The only real bright spot is Spain which has been making a recovery over the past few years.
And if you are going to mention a budget deficit... forget about it... France, Germany and Itlay are really in no better spot. IMO the Euro should not be as strong as it is agianst the dollar. The Yen I get... Japan has been on a very good recovery path and in fact they have even been talking about raising rates from .5% and their banking system seemed to be cleaned up from the earlier messes.
Oh well... guess it is why I am not a currency trader.
And if you are going to mention a budget deficit... forget about it... France, Germany and Itlay are really in no better spot. IMO the Euro should not be as strong as it is agianst the dollar. The Yen I get... Japan has been on a very good recovery path and in fact they have even been talking about raising rates from .5% and their banking system seemed to be cleaned up from the earlier messes.
Oh well... guess it is why I am not a currency trader.
