Rolling 401K and IRA Into Gold | Ramblings of an e-trader

Monday, 18 October 2010

Rolling 401K and IRA Into Gold

A couple of years ago, a friend advised me to open a foreign currency bank account. I was rather interested back then but because of lack of time, or even capital, I didn't manage to see it through. My friend, on the other hand, invested in a couple of currencies but recently told me that it's time to cash out and start investing in gold and gold coins. She knows that I did not open a foreign currency account, you see, and didn't want me to miss the boat this time!

According to what my friend read on the United States Gold Bureau website, she can hold gold and other precious metals in her 401K and IRA accounts, and she will be seeing to it. As for me, I don't have such accounts and will not be able to invest this way.

However, I do know that gold is a very stable commodity to invest in. I hope that I will be able to set aside some savings every month and invest in gold little by little.

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