2016 is the year for Gold! Is now the time to lock in a Gold IRA?

[Peter4Paul2016]

Even the mainstream finance sites are bullish on Gold for this year.

Forbes: Gold Returns As Financial Markets Shudder http://www.forbes.com/sites/timtread.../#7b287a115b4e

CNBC says pattern in gold price shows big breakout is coming: http://www.cnbc.com/2016/02/08/techn...is-coming.html

Gold on course for longest winning run since 2011: http://economictimes.indiatimes.com/...w/50911455.cms

We've all seen the headlines. Is now the bottom and the right time to get into a Gold IRA? We keep waiting for the bottom in order to lock in the best prices on gold & silver bullion...

Choose a highly rated gold company for precious metals IRA: http://goldsilverinvestments.net/best-gold-ira-company/

Anyone else already open a gold IRA? What company did you go with? Thoughts?

[jllundqu]

Where can I sign up??????



/sarc



Sorry but this thread might as well be a radio ad I hear a hundred times a day....

[Peter4Paul2016]

? I'm pointing out that gold is in a good position right now (most people here already know that) and asking for advice / recommendations for Gold companies... How does that sound like an ad? lol. That's fine. Keep all of your money in your 401k. Hopefully you're not planning on retiring soon!

[Zippyjuan]

? I'm pointing out that gold is in a good position right now (most people here already know that) and asking for advice / recommendations for Gold companies... How does that sound like an ad? lol. That's fine. Keep all of your money in your 401k. Hopefully you're not planning on retiring soon!

Is gold expected to soar anytime soon?

[Peter4Paul2016]

See links above... Peter Schiff and the usual suspects are saying yes... http://schiffgold.com/key-gold-news/...ng-to-rampage/

The economy isn't doing great, and now CNBC and others expressing similar sentiment... http://www.cnbc.com/2016/02/08/confu...-to-shine.html

Hopefully, Obama's right and the economy is improving.

/sarc

[Zippyjuan]

Peter Schiff ALWAYS says gold is going to soar. His business is selling it. He has been proclaiming gold is going to $5000 an ounce for at least eight years now. "this is the year it could happen!" Gold has lost over a third of its value since its peak.

You do seem to promote gold IRAs a lot. Are you in the business too?

[Peter4Paul2016]

The point of this thread -sorry if I wasn't very clear... Is that in addition to the usual suspects like Peter Schiff (that you're right - sell gold!), the mainstream media (CNBC, Forbes, and other sites) are now also reporting that Gold has likely bottomed and that now might be a good entry price.

For those that want to diversify their portfolio in precious metals, it is still considered the safe haven asset. When the market is down, gold tends to do well. See Wall Street Journal article - http://www.wsj.com/articles/gold-pri...ens-1454952346 . Do I think gold is going to SOAR? Probably not... But I personally do not think the "recovery" is as great as the government wants us to believe it is. So I want to put 5-10% (not my entire retirement) of my portfolio in metals.

[oyarde]

Sounds good , but I suggest you hold it .

[Peter4Paul2016]

Oyarde - Definitely buy & hold...

Another good article - Gold is now gaining the favor of some long-time skeptics http://www.cnbc.com/2016/02/10/ive-n...ow-trader.html

[Dr.3D]

Oyarde - Definitely buy & hold...

Another good article - Gold is now gaining the favor of some long-time skeptics http://www.cnbc.com/2016/02/10/ive-n...ow-trader.html

I'm pretty sure he means, by hold, that you keep it in your possession rather than letting some custodian hold it for you.

[oyarde]

I'm pretty sure he means, by hold, that you keep it in your possession rather than letting some custodian hold it for you.

Correct . I dunno that I think these are a bad idea , but I view them the same as a share of stock in your electric Co . I do think everyone should own some metals and hold some .

[Peter4Paul2016]

Right... But if I'm doing more than $10,000 - even if I have a really good safe, I'm not comfortable with that much gold being stored in my house.

Plus when you rollover funds into IRA there are tax benefits... I have no problem with Brinks vault storage as long as it's segregated vault storage and not commingled storage - http://goldirarolloverexpert.com/why...us-metals-ira/

[Zippyjuan]

Ten one ounce coins are too difficult to stash in the house?

Notice at that link:


which I guess relates to this:

https://www.hklaw.com/DigitalTechBlo...el-07-24-2014/

A recent case in the Central District of California epitomizes both why a company will fabricate reviews, and which law is correspondingly violated. In American Bullion, Inc. v. Regal Assets, LLC, No. CV 14-01873 DDP (C.D. Cal. July 15, 2014) American Bullion, Inc. (American Bullion) sued a competitor Regal Assets, LLC (Regal Assets) alleging that the latter created misleading marketing websites as a means of disparaging American Bullion and promoting its business. As background, American Bullion and Regal Assets compete in the market to convince holders of individual retirement accounts (IRA) to add gold and other precious metals to the account. To market its services, American Bullion utilizes third-party affiliates that receive compensation for referred business. American Bullion alleged that Regal Assets and its individual officers have created and operated such affiliate sites. These sites purport to contain independent consumer reviews and do not evince any affiliation with Regal Assets.

The sites featured highly unfavorable, often false contentions about the history and business practices of American Bullion. For example, a number of the sites alleged that American Bullion had been found guilty of fraud by the Commodities Futures Trading Commission. In fact, the party found guilty in that action was American Bullion Exchange, a separate company. Likewise, the sites uniformly included negative reviews of American Bullion. Finally, Regal Assets created a site that urged users to "click here to visit American Bullion," but are then linked to the Regal Assets' website.

Same notice appears at your other Gold IRA link.

http://www.trademarkandcopyrightlawb...on-to-dismiss/

Websites representing themselves as independent affiliate entities, which are in fact operated solely by Regal, and which “recommend” Regal but warn potential customers against American Bullion.

Websites owned by independent affiliates, but the contents of which are actually written by Regal. This includes fake reviews with false assertions that American Bullion was the defendant in a “Ponzi like scheme” lawsuit, and that falsely identify the owner of American Bullion as a man charged with fraud by the US Commodity Futures Trading Commission in 2010.

Affiliate websites which fail to disclose the compensation they receive from Regal.

Misleading links from affiliates which divert traffic from American Bullion. For example, a now-defunct blog called “silvergoldweekly.com” instructed users to “Click here to visit American Bullion,” but the hyperlink instead directed the reader to Regal’s website.

The lawsuit was upheld and now sites must show the disclaimer.

[Zippyjuan]

Watch out for fees on Gold IRA. http://www.marketwatch.com/story/gol...-1309886856846

The big issue with IRA ownership of precious metal assets is finding a trustee that is willing to set up a self-directed IRA, handle the transfer of funds to the precious metals dealer and facilitate the physical transfer and storage of the coins or bullion. None of the major brokerage firms are willing to play, leaving only a handful of outfits in the game, including Sterling Trust Company, American Estate & Trust, LLC, GoldStar Trust Company and the Entrust Group. Most trustees will arrange for the physical storage of coins and bullion with the Delaware Depository Service Company in Wilmington, Del.

The trustee will typically charge a one-time IRA set-up fee (perhaps $25 to $50), an annual management fee for producing account statements and handling other paperwork ($75 to $250), and an annual fee for storing and insuring the coins or bullion ($125 to $250). Additional fees may be charged for various transactions, including account contributions and distributions and purchases and sales of coin or bullion. The IRA owner is usually on his own when it comes to finding a precious metals dealer to sell coins or bullion to the IRA or to buy coins or bullion from the account.

A lower cost way to have gold in an IRA is with a fund holding gold ETF or mining stock shares.

Regal Assets (the one in the links) charges $250 a year storage fees. They don't list what their other fees are. I can't find out any real information on them- there seems to be literally hundreds of fake sites linking to them. That raises lots of questions as to how they conduct business.

[Peter4Paul2016]

"Ten one ounce coins are too difficult to stash in the house?" - No, I'm saying that I do not want to have $10,000+ accessible in my home. Although I do have a pitt bull and a rhodesian ridgeback that hate visitors and make an excellent alarm system!

I see the disclaimer. I believe most financial sites legally must show disclaimers... Most websites are also for profit and make money through affiliate programs. Believe it or not your favorite websites are in the business of making money!

With a quick online search, I see there are 25+ gold companies with active affiliate programs (that pay bloggers/websites for referral traffic)... Bloggers can refer their visitors to any of these companies they want to recommend it doesn't just have to be American or Regal or whatever...

http://bullion.directory/gold-affiliate-programs/