Just a coincidence? I'm BUYING bullets!
I wish I could laugh... I figured our IRA’s were toast, with the Feds monetizing the debt and printing trillions more greenbacks.
Hobson’s choice: Cash out the IRA and convert to silver bullion, where I would loose 20 percent off the top in penalties, and pay another 10 percent above spot market price for the silver (Mint mark-up + 1.3 % commission + insurance and shipping); or convert it to ETF stocks in silver, where I take high risks in the commodities market.
Since I am waiting to build my first home the idea was to try and preserve the capital long enough to convert as a down payment on a mortgage. BUT now I am just coming off a 6-month lay-off and only working 3 days a week.
Of course the timing all has to be perfect: before the dollar crashes, and while the silver stock is higher than the purchase price... and before the interest rates start the inevitable climb to the stratosphere!
Silver bullets?