Tuesday, June 5, 2012
Gold should be stored in a jewelry box, NOT a retirement account
Click here for another excellent article listing reasons why gold should be stored in a jewelry box and NOT in an IRA. For example, before gold's recent 10-year run, it actually lost money the previous 20 years and thus was neither a good investment nor even a good hedge for inflation. Keep in mind, if you own a stock index fund (and you should) you essentially already own stocks in companies that mine gold. Combine that with what is in your jewelry box, and you already have enough exposure to gold. I'm sure this will rankle my gold bug friends!