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<p>[QUOTE="Brett_in_Sacto, post: 2207722, member: 71510"]A safe deposit box is an affordable way to store gold. Maybe not so much silver, since there's the bulk issue, but you can still fit several hundred ounces into a small safe deposit box (I have done it). Some folks don't have a basement or even a place to "safely" install a safe.</p><p><br /></p><p>The key hook these companies are exploiting is the "tax shelter" of the IRA, where they allowed people to buy gold with pre-tax dollars and lower their AGI - which requires a government controlled/monitored holding account and facility. </p><p><br /></p><p>Because people can't be trusted to save for their own retirement (I guess?), and if you let the government meddle in your finances just a bit more - they'll give you a discount. The benefit (for them) is that they built a whole lot of government jobs/bloat on the premise that they would help you retire. Probably because they've done such a great job with Social Security - they figured they'd expand their ranks. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>"For a hamburger today, I will gladly pay you Tuesday" comes to mind.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2207722, member: 71510"]A safe deposit box is an affordable way to store gold. Maybe not so much silver, since there's the bulk issue, but you can still fit several hundred ounces into a small safe deposit box (I have done it). Some folks don't have a basement or even a place to "safely" install a safe. The key hook these companies are exploiting is the "tax shelter" of the IRA, where they allowed people to buy gold with pre-tax dollars and lower their AGI - which requires a government controlled/monitored holding account and facility. Because people can't be trusted to save for their own retirement (I guess?), and if you let the government meddle in your finances just a bit more - they'll give you a discount. The benefit (for them) is that they built a whole lot of government jobs/bloat on the premise that they would help you retire. Probably because they've done such a great job with Social Security - they figured they'd expand their ranks. :) "For a hamburger today, I will gladly pay you Tuesday" comes to mind.[/QUOTE]
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