sorry i didn't know where to put this. mods feel free to move it. where do you guys and gals buy your gold and silver? hubby and i are thinking of buying some. we have what is called junk silver and coins.
Debt free is number one. Second is food and water. Third is cash on hand and fourth is PM. Of course without a means to protect your family and assets, none of it will matter in the long haul. Why debt before stored food or water, without debt, you will be able to build the supplies faster without the risk of having to lose them in a financial disaster or down turn. Stored food won't help if you can't pay your rent or mortgage. JM2C
Suggest having shelter as a priory too.
Because he wants it all to himself. Didn't he ask why not?brother said his accountant told them not to invest in gold or silver. wonder why?
brother said his accountant told them not to invest in gold or silver. wonder why?
where do you guys and gals buy your gold and silver? hubby and i are thinking of buying some. we have what is called junk silver and coins.
Some people don't believe in PM's. Perhaps your brother is in debt and your brother would be better served by reducing debt. PM's are a store of wealth but so is land. If you owe on your house and car then you are paying interest on PM's because you could have paid down the note. Buying PM's rather than paying off debt only makes sense if your interest is low and inflation is high.
For example, if you had an ounce of gold in Venezuela right now you could probably get enough to pay off that ten year old note with $100,000 left on it.
Well, I don't recommend buying PMs as an investment, either. I recommend buying them as a store of wealth; a hedge against the dollar going the way of the Venezuelan Bolivar.brother said his accountant told them not to invest in gold or silver. wonder why?
Well, I don't recommend buying PMs as an investment, either. I recommend buying them as a store of wealth; a hedge against the dollar going the way of the Venezuelan Bolivar.
A PM IRA must be held by a third party. I heard some get around this by getting a LLC and use that as the third party so they can keep the PM's at home. But the federal gov could find that practice illegal and you could be responsible for finds for doing an IRA this way.I believe it is possible to keep PM's in an IRA but you can keep said PM's in your own safe. Does anyone know about that?
A PM IRA must be held by a third party. I heard some get around this by getting a LLC and use that as the third party so they can keep the PM's at home. But the federal gov could find that practice illegal and you could be responsible for finds for doing an IRA this way.
Please note that I am not an expert and that is only what I heard through the grapevine.
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