Gold/Silver IRA’s
What are your thoughts about Gold / Silver IRA’s (i.e. physical gold and silver)? I’m considering moving 4% of my current IRA assets to gold and 4% to silver.
Terry Says: Well, if it’s in your IRA, you should do it through stocks, or a gold ETF (symbol: GLD), or through a mutual fund such as the U.S. Global Investors gold fund (800-US-FUNDS). If you buy precious metals in an IRA, you need a special custodian to hold the metal, either bullion or coins. and they charge storage fees, which can eat into your profits Search my archives at www.terrysavage.com for an article I wrote last spring explaining how to buy real estate or bullion inside an IRA.