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Precious metals and gemstones.



Bullion isn't always salty!

Hi everyone!

I guess it's my turn for an opinion. Gold is not always gold.

The IRS says it has to be pure for an IRA. Silver too! No sterling or 90% coin silver. It has to be .999 fine.

If you have 3 or 4 pounds of 18k gold lying around, you ain't broke. You cannot write it off though.

In order to write off precious metals (bullion) as an IRA you must to give it to someone to hold. You are not allowed immediate or easy access to it. I guess I'll have to find someone to hold the 3 thousand UHRs I have stashed......NOT!

If everything goes in the toilet, I will still have something that speaks the universal language. Precious metal and gemstones. Every culture in the past has used them.

Let's hope we don't have to go that far!

I like my coins and stones just the way they are.

I'd say my portfolio is a little over 25% invested in these. I wish I could do more.

That's my story and I'm stickin' to it.



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