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slantedview
01-18-2008, 11:47 AM
Quick question:

I know that everyone is hot on actual physical metals as opposed to the ETFs. But, for the purpose of funds held in an IRA, is there anything wrong with GLD, SLV, etc? It seems better than stocks, no?
scooter
01-18-2008, 01:33 PM
I think the GLD ETF is a good place to put some of your investment funds. It's not really an "investment" in a sense, but a good way to protect from the declining dollar.

A lot of people would argue against me, but I think holding the real metal doesn't really help that much. You will get gold much closer to spot price through the ETF and if shit hit the fan, nobody is going to take your metal coins as payment anyway.
davver
01-18-2008, 02:59 PM
ETFs are fine unless the whole system collapses and rioters are filling the streets.

I own ETFs, but if things really showed signs of unraveling I would convert to physical. I have an account at Europac.net specifically for this purpose.
jonahtrainer
01-18-2008, 04:02 PM
Quick question:

I know that everyone is hot on actual physical metals as opposed to the ETFs. But, for the purpose of funds held in an IRA, is there anything wrong with GLD, SLV, etc? It seems better than stocks, no?

You have exposure to the gold price. Do not make the mistake that you own actual bullion. Nothing could be further from the truth.

If you want bullion I recommend apmex.com (http://www.apmex.com) or GoldMoney (http://www.mygoldmoney.com).
webaform
01-18-2008, 04:17 PM
I see no problem with holding GLD in an IRA. Personally I would still keep about 80% in growth stocks. In the past when stocks have tanked hard, gold has risen in value and offset the dive. During the growth periods of the economy though stocks can really shine.

Don't be fooled by any 10 year graphs. We had the collapse of the stock market bubble during that time. So we have the mortgage bubble now. Probably will have a bond bubble, gold, bubble, dollar bubble. Wee! Central planning! Where's my $800?

I'm allocated about 19% in GLD as of today.
slantedview
01-18-2008, 04:38 PM
You have exposure to the gold price. Do not make the mistake that you own actual bullion. Nothing could be further from the truth.

If you want bullion I recommend apmex.com (http://www.apmex.com) or GoldMoney (http://www.mygoldmoney.com).
yea i plan to buy some actual coins/bullion perhaps via apmex as soon as i get a chance to sort out what the difference is between all the coins and stuff.