tag:blogger.com,1999:blog-2182962435875556601.post618250171607113894..comments2023-09-24T08:04:06.909-04:00Comments on FSK's Guide to Reality: Is it a Good Idea to Buy Gold in an IRA?FSKhttp://www.blogger.com/profile/11903396202330950362noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2182962435875556601.post-3156897488291551992009-07-20T13:20:35.126-04:002009-07-20T13:20:35.126-04:00FSK,
There's some good information in what yo...FSK,<br /><br />There's some good information in what you write. There's also some other things you might consider that I'd like to point out (I don't care if you post, as I don't want to step on your toes, but just give you and your readers some good information).<br /><br />First, there are ways that individuals can put 401k money into gold. They just need to speak with the plan administrator and add the certain vehicles that allow for it.<br /><br />Second, instead of cashing your IRA out and buy gold coins, you would be better served to roll it over into a ROTH IRA where your investment grows tax deferred and withdrawals (in gold coin) are tax free http://www.irs.gov/publications/p590/ch02.html#en_US_publink10006523.<br /><br />Even for those that don't convert, if they had a self directed IRA invested in gold through one of the custodians you mentioned, they could take their minimum required distributions in gold coin. Also, I think many will know in advance when the SHTF and withdraw their gold coins, which unlike with the ETF's where you make a great point that one can't take delivery, the one's with the gold IRA's will as the gold is set aside specifically for them. <br /><br />I also take exception to buying gold rounds and bars because of the assaying issues involved. The world knows about American Eagles and other gold coins. Of course counterfeiting is a danger, so one has to know the right ones to buy.<br /><br />In general, I agree with you that things will get much worse. When it comes to investing in gold, many are left to the dictate of the Gold Dealers. That's why I wrote a book to help people make the right decisions and not get ripped off.<br /><br />If you care to post it, the url for the gold book is http://safelybuygold.com Yes, the book is expensive, but so are the lessons in doing things the wrong way. <br /><br />Thanks and glad you are getting the word out about gold!Doug Digger Eberhardthttp://fedupbook.com/blognoreply@blogger.com