when you put gold in an IRA are you putting actual "approved bullion coins" OR are you making a cash contribution that is converted into "actual bullion coins" ??
You are putting in the actual approved coins for safekeeping by a custodial bank. AGE's or Buffaloes would qualify. A $20 Saint in any grade would not. And you should get back the same coins you put in though since these are all easily exchanged items I wouldn't count on getting the identical coins purchased. A Kitco member ran a thread on his experiences of cashing out his IRA. It took him over a month to finally get the coins from HSBC but they did arrive...actual honest gold coins, not a cash/paper substitute. But rules can be changed down the road.
As far as TIPS go, the ones sold yesterday came with a 0.769% yield. Here's a link that shows that TIPS have risks associated with both the buyer's actual tax rate as well as the actual inflation rate. There is no way to guarantee a real yield after taxes. During the period of 2002-2007 10 yr TIPS were averaging about 2-2.5% while 10 Year 10 Bonds were averaging 4-5%. During that same period commodities and the stock market were achieving gains of 85-300%. I don't see how TIPS protected anyone during this period at those low rates. Annual inflation per the CPI was in the 3-6% range. Yet the SM and commodities told a different story.
when you put gold in an IRA are you putting actual "approved bullion coins" OR are you making a cash contribution that is converted into "actual bullion coins"
I transfered the cash from an IRA to Sterling. I then made a purchase from Hanes Tulving and provided a purchase agreement to Sterling. They sent a check to HT who then sent the coins to Sterling. The coins are now in my box................or at least thats what my quarterly statement says.
<< <i>just a reminder... take a look at my first post in this thread. this bull is running. >>
I agree with you, and it has nothing to do with waves or breakouts. It has to do with the "lay" people deciding or realizing that gold may be good to hold, maybe a big money maker for them, that is what will send it up.
there are two ways to look at the price of gold: you can look at "fundamentals" and you can look at "technicals."
technicals only concerns the price action. those who believe in "technical analysis" say that all of the fundamentals are factored into the price, price changes, and chart patterns
a true "technician" therefore only looks at the price action, and fundamentals (one or many) can be used to explain the technical action.
so yellowkid... what you point out is just another reason for the technical change.
Comments
You are putting in the actual approved coins for safekeeping by a custodial bank. AGE's or Buffaloes would qualify. A $20 Saint in any grade would not. And you should get back the same coins you put in though since these are all easily exchanged items I wouldn't count on getting the identical coins purchased. A Kitco member ran a thread on his experiences of cashing out his IRA. It took him over a month to finally get the coins from HSBC but they did arrive...actual honest gold coins, not a cash/paper substitute. But rules can be changed down the road.
As far as TIPS go, the ones sold yesterday came with a 0.769% yield. Here's a link that shows that TIPS have risks associated with both the buyer's actual tax rate as well as the actual inflation rate. There is no way to guarantee a real yield after taxes. During the period of 2002-2007 10 yr TIPS were averaging about 2-2.5% while 10 Year 10 Bonds were averaging 4-5%. During that same period commodities and the stock market were achieving gains of 85-300%. I don't see how TIPS protected anyone during this period at those low rates. Annual inflation per the CPI was in the 3-6% range. Yet the SM and commodities told a different story.
TIPS for you
roadrunner
I transfered the cash from an IRA to Sterling. I then made a purchase from Hanes Tulving and provided a purchase agreement to Sterling. They sent a check to HT who then sent the coins to Sterling. The coins are now in my box................or at least thats what my quarterly statement says.
About how you buy shares of gold in our "approved" warehouse???
<< <i>and I put this on my website so Im on the record...
the break out from the reverse head and shoulders on the 5 year chart could mean a run to $1,300. >>
I politely disagree.
www.AlanBestBuys.com
www.VegasBestBuys.com
<< <i>just a reminder... take a look at my first post in this thread. this bull is running. >>
I agree with you, and it has nothing to do with waves or breakouts. It has to do with the "lay" people deciding or realizing that gold may be good to hold, maybe a big money maker for them, that is what will send it up.
technicals only concerns the price action. those who believe in "technical analysis" say that all of the fundamentals are factored into the price, price changes, and chart patterns
a true "technician" therefore only looks at the price action, and fundamentals (one or many) can be used to explain the technical action.
so yellowkid... what you point out is just another reason for the technical change.
thanks
www.AlanBestBuys.com
www.VegasBestBuys.com