If you buy gold and hold it for 6 months, and the gold sells for the same price as you bought it, how are you not losing money in fees?
Take that a step further and say you roll a peice of your 401 into gold for 5 years and it sells for the same as you paid, how are you not losing money on fees and penalties ?
Is the whole push for gold conversion really just based on losing less money than the stock market?
And where are you going to go to get change for a gold coin? I’ve dealt with clients doing it. They k ow nothing about the custodian or really anything they are doing. I agree with having some gold coins on hand, but converting your entire IRA to gold is just plain foolish. How are you going to get it from the custodian? You go in to get groceries and what are you going to do when the store can’t give you change for that coin? I would also be more comfortable if those of you shilling for these companies disclosed that relationship and the fact that you are being paid to promote them. Would be better if it was just general advice versus conflicts of interest involved in it. And I respect Dr. Navarro except for his fairy tale belief that Donald Trump will ever be allowed back in the WH.
You would not replace all your fiat currency with Precious Metals, but a percentage. That would enable it to act as a hedge should the dollar collapse as is predicted, and not lose value from holding it while inflation erodes its value. You would sell it back to the broker if you needed dollars in your hot little hand.
Reference to the investment part of this, this is an option available. No one says "you should put all your eggs in one basket." I listen to everyone and come to the big picture when it deals with investing and retirement. Thank you Peter Navarro for opening our eyes to one more option in diversifying our investments. This is an option for moving large amounts of money that you may not want to store at home. For example someone who wants to put 20% of their retirement into precious metals. That would be like insurance if and when the market crashes. In addition you should also possess physical precious metals on hand as well. Just friendly advice.
Well, just like in 2016, everyone was saying Trump had no chance of beating Hillary. But he got in. I agree, now is different with the Demoncrats and much more dirty politics & elections. Never give up trying. You never know.
I was replying to "TiredCitizen" comment regarding Donald Trump will ever be allowed back in the WH. Not the "big red wave." Maybe you are just too tired to remember what we are talking about. How many TiredCitizens are there? Please read your comment, then read mine.
If you buy gold and hold it for 6 months, and the gold sells for the same price as you bought it, how are you not losing money in fees?
Take that a step further and say you roll a peice of your 401 into gold for 5 years and it sells for the same as you paid, how are you not losing money on fees and penalties ?
Is the whole push for gold conversion really just based on losing less money than the stock market?
I want to buy the Peter Navarro medals! Let me know when they are available!
And where are you going to go to get change for a gold coin? I’ve dealt with clients doing it. They k ow nothing about the custodian or really anything they are doing. I agree with having some gold coins on hand, but converting your entire IRA to gold is just plain foolish. How are you going to get it from the custodian? You go in to get groceries and what are you going to do when the store can’t give you change for that coin? I would also be more comfortable if those of you shilling for these companies disclosed that relationship and the fact that you are being paid to promote them. Would be better if it was just general advice versus conflicts of interest involved in it. And I respect Dr. Navarro except for his fairy tale belief that Donald Trump will ever be allowed back in the WH.
You would not replace all your fiat currency with Precious Metals, but a percentage. That would enable it to act as a hedge should the dollar collapse as is predicted, and not lose value from holding it while inflation erodes its value. You would sell it back to the broker if you needed dollars in your hot little hand.
Reference to the investment part of this, this is an option available. No one says "you should put all your eggs in one basket." I listen to everyone and come to the big picture when it deals with investing and retirement. Thank you Peter Navarro for opening our eyes to one more option in diversifying our investments. This is an option for moving large amounts of money that you may not want to store at home. For example someone who wants to put 20% of their retirement into precious metals. That would be like insurance if and when the market crashes. In addition you should also possess physical precious metals on hand as well. Just friendly advice.
Well, just like in 2016, everyone was saying Trump had no chance of beating Hillary. But he got in. I agree, now is different with the Demoncrats and much more dirty politics & elections. Never give up trying. You never know.
Really? What has changed in how our elections are conducted? Did the “big red wave” amount to anything? Ask Kari Lake.
I was replying to "TiredCitizen" comment regarding Donald Trump will ever be allowed back in the WH. Not the "big red wave." Maybe you are just too tired to remember what we are talking about. How many TiredCitizens are there? Please read your comment, then read mine.