The Grinning Maniac
08-09-2008, 11:08 AM
I'm currently trying to talk to my mother about getting out of the dollar because of what's going on with our economy and our government's fiscal and monetary irresponsibility. I don't want her to lose her retirement money in the event of a crisis. She had a lot of her retirement money in mutual funds that invested a lot in the financial sectors. That isn't such a good idea anymore, obviously... <_<
Essentially I'm just advising her to put 20-25% of her money into PM's in order to hedge her bets. As I've been explaining the situation to her, she's begun to come around and agrees that she needs to do something. However, I really can't give her any practical advice on who she could roll over funds with, because I don't know about which companies are reliable and which ones aren't. I'm a college student. What do I know about IRAs? :P
So I'm hoping to get some help in that regard. I thought now was a good time to ask, seeing as the metals are coming down in price some. So does anyone here have any experience with this sort of thing?
Cheers.
Essentially I'm just advising her to put 20-25% of her money into PM's in order to hedge her bets. As I've been explaining the situation to her, she's begun to come around and agrees that she needs to do something. However, I really can't give her any practical advice on who she could roll over funds with, because I don't know about which companies are reliable and which ones aren't. I'm a college student. What do I know about IRAs? :P
So I'm hoping to get some help in that regard. I thought now was a good time to ask, seeing as the metals are coming down in price some. So does anyone here have any experience with this sort of thing?
Cheers.