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Thread: Precious Metals IRAs?

  1. #1

    Default Precious Metals IRAs?

    Greetings from a long time lurker!

    What are your opinions on precious metals IRAs? Would anyone consider moving funds from their TSP account into one? Is it possible to do so without penalties that may nullify the possible gains?


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  3. #2

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
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    76,396

    Default Re: Precious Metals IRAs?

    I know NOTHING about precious metals IRAs, but I will welcome you to the Message Board and am sure there are people here that can answer your questions.
    Best of luck,
    Norman



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  5. #3

    Default Re: Precious Metals IRAs?

    Quote Originally Posted by edgargarrett View Post
    Greetings from a long time lurker!

    What are your opinions on precious metals IRAs? Would anyone consider moving funds from their TSP account into one? Is it possible to do so without penalties that may nullify the possible gains?
    Welcome "Big Time Lurker"

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  7. #4

    Default Re: Precious Metals IRAs?

    Thanks for the welcomes guys!

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  9. #5

    Join Date
    Sep 2006
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    Default Re: Precious Metals IRAs?

    I expect to see these things pop up on in mainstream in the coming months, especially with gold hitting an non-inflation adjusted high this past week. Yup, "good old fashioned gold- the true store of wealth". It just sounds sweet as apple pie just as Freddie Mac and Fannie Mae once did.

    If gold is such a precious store of your hard earned wealth, then I always wondered why gold was never mentioned in any of the post apocalyptic "Mad Max" movies.

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  11. #6

    Join Date
    Feb 2007
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    San Diego, CA
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    Default Re: Precious Metals IRAs?

    Quote Originally Posted by Bullitt View Post
    If gold is such a precious store of your hard earned wealth, then I always wondered why gold was never mentioned in any of the post apocalyptic "Mad Max" movies.
    Couldn't buy you love now or then.....But they did need oil (gas)!!!!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  13. #7

    Default Re: Precious Metals IRAs?

    Prices yesterday...

    Today Change Week Ago Month Ago Year Ago
    Gold $1,459.60 +$1.00 $1,439.70 $1,434.30 $1,151.20
    Silver $39.59 +$0.16 $37.93 $35.95 $18.24
    Platinum $1,781.30 -$27.20 $1,780.20 $1,822.20 $1,719.50
    Palladium $780.15 -$2.80 $764.50 $791.50 $512.10

    When should I sell? I've been hearing that metals were in a bubble that was due to deflate since 2006. Where's the top? I'm starting to see some TV ads for gold. But I'm not hearing the teenager working at McDonald's talking about his precious metals investments they way they were about tech stocks back in the '90s.

    So, I guess I'll hold on just a little bit longer.

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