Goldline>etc...and commission and or fees they get...?

gmherps13

I was listening to a radio show the other day and an investment talkshow host was commenting on a BIG radio programs host endorsing Goldline. He was saying that the markup/fees/commissions in the fine print can be as high as 40% in some case and that a lot of people who have transferred all or most of their investment 'folios to some type of metals, be it silver-gold whatever, that they actually have lost $$$$ because of the fees and everything attached to it after the price of the coin.

I have no idea about this, but I have thought about allocating a portion of my 401k to precious metals. This kind of information is very concerning to me and I would hate to give away my 401k.

Any of y'all have any experience or info about this?

BAJJERFAN

Ask in advance for a COMPLETE accounting of fees for both entrance and exit. Ask yourself how much gold would have to rise in order to break even, then decide if its worth it.

ricko

Hard gold, in hand, is safe. No fees etc. Although, it is a bit late to get in the market for big gains. Cheers, RickO

RedTiger

A few of the telemarketer firms are selling certified classic gold for triple what traditional coin dealers are charging. Caveat Emptor. Research prices before buying. Radio time isn't cheap. There are gold ads on every major talk radio show in the country. Guess who is paying for the air time?

lcoopie

gold tracking stock= gld
publicly traded
see no reason to use goldine etc.

derryb

The fees associated with a bullion IRA make make it not so good a way to invest in precious metals. Your best bet is to have your IRA self managed through an on-line broker (I use Scottrade) and to have your investments in stocks of PM miners (such as Yamaha Gold) with some of your funds directed to PM ETFs. Be careful with the GLD and SLV ETFs as some advisors question if the funds actually can cover the outstanding shares. On the other hand GLD and SLV are excellent ways to play the ups and downs of gold and silver. Most IRAs can be rolled over at no penalty or taxes to another IRA account. By keeping your IRA under your management and through an on-line broker your fees are low, your assets are fairly liquid and your options for investment are unlimited. ETFs are fairly new to the scene; think of them as mutual funds with lower fees. Here's a site to learn more on ETFs:

ETF resources

gmherps13

good info, thanks