Posted on 05/07/2025 1:32:43 PM PDT by SeafoodGumbo
The dollar keeps losing value with accelerated devaluation appearing inevitable, stocks seem inflated, and bonds don't seem good either.
Gold and silver seem poised to go much higher, but the fees seem high for precious metal IRAs.
Thoughts?
Who says? They are pretty high now historically
I wanted a self-directed IRA to finance my house flipping. Advisors said no.
So much money has been printed in recent years that everything is supposedly wildly inflated and will move to things that truly hold value. I’ve seen on a podcast or two where it’s talked about how the only way to deal with the debt is to inflate away the dollar. If that happens, metals seem like a safe haven.
The only way I’d invest in PM’s is physical PM’s. i.e. something I put in a safe deposit box. I think the rest is fake.
Yup. If you can’t hold it in your hand, you don’t own it.
There are IRAs where the metals are kept segregated in a depository so your stuff is not comingled with others’ metals.
Metals and real estate.
Ocean front and Lake Front property are always in demand.
They aren’t making any more of it.
The only problem with the ocean front is whether you can get and pay the insurance and property taxes.
Instead of an IRA, why don’t you just by gold or silver bars/coins(bullion)?
I would not put it in a safety deposit box.
I do not trust the bank/government.
Buy yourself a big gun safe.
Precious metals as part of a portfolio is cool.
I wouldn’t put all eggs in one basket whether it be stock index funds, bond funds/bonds, cash and gold or whatever.
You can set up an IRA and have diversified holdings within that IRA.
Dollar cost average 10-20% of your salary into an IRA, 401K or investment account, leave it alone and don’t touch it for 30 years or more. Voila. Real simple.
You can outpace inflation by having your IRA spread out into many mutual funds of many asset classes (diversify). I have mine in 40+ mutual funds, with 3/4ths of them in equity mutual funds (stocks) and the other 1/4th in mutual funds of bonds, treasuries, and money markets.
Then when it's time to withdraw on one to live off of (either 4% of your portfolio annually, or 1/3rd of 1% monthly) I withdraw from whichever funds have the highest balance (sell high). And at the end of the year, figure out how much your taxable income will be after deductions (your AGI) and how much more taxable income you can have without going into a higher tax bracket. That's the amount you convert some of your IRA money into a Roth IRA (again, spread out across many asset classes). From then on that amount grows tax free.
So they say. 😉
BTW, did they ever get back to us on that Fort Knox inspection?
Are you sure you are okay with only a derivative of your money? Why not have actual real money. And thing other than physical in your hand silver or gold is not real money, just a derivative.
I want to do both, but the money in the IRA has to be invested in something and lots of podcasts talk about a major correction for stocks that's overdue.
I’m thinking about both, but trying to figure out the best thing to do with the money that’s already in the IRA.
You can see why I’m somewhat wary of doing this.
Yep. That’s why I’m serious about only doing PM’s if I can hold them in my hand and put them in a safe deposit box.
| Ticker | Metal | Structure | Expense ratio |
|---|---|---|---|
| IAUM | Gold | Physically-backed trust | 0.09 % |
| GLDM | Gold | Physically-backed trust | 0.10 % |
| SIVR | Silver | Physically-backed trust | 0.30 % |
Very good ideas.
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