First gold, now crypto to be allowed in 401K's
derryb
Posts: 37,661 ✭✭✭✭✭
Gold is currently allowed in retirement plans, will this be a game changer for crypto prices?
Could create a big increase in crypto retail exposure/prices and a reduction in gold for retirement plans.
No Way Out: Stimulus and Money Printing Are the Only Path Left
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I'm happy with what I got now 😉
(Ill talk to the retirement guy first) see if it's feasible
I don't like that. I hope there are limits.
401(k)'s should be for traditional, conservative assets.
I remember right before the 08 housing crash there was a big push to include a real estate fund in my government TSP (401). Glad that didn't get through congress.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Conservative assets such as paper stocks and paper commodities? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Add a minimum just enough return to keep up with inflation. normally the greater the return-the greater the risk
No Way Out: Stimulus and Money Printing Are the Only Path Left
Why not crypto? They allow gov't bonds. Both are the same imaginary stuff created out of nothing.
I knew it would happen.
Silly. Can Beanie Babies be far behind?
Dave
Now we know what Bessent was talking about when he said they were going to "unlock" a vast amount of America's wealth.
This amounts to another bailout. They are "unlocking" the money in pension plans so that money managers on Wall Street have more $trillions of retirement money to gamble on risky and illiquid assets, like maybe - failing bank balance sheets and failing commercial real estate? And crypto.
All for more fees and to bail out the losers that should be out of business.
I knew it would happen.