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<p>[QUOTE="Rono, post: 1112942, member: 6492"]Howdy,</p><p> </p><p>I don't believe you can with a 401. I know you can with an IRA but you have to deal with a custodian and it's a royal pain. Much better to do what cloudsweeper and the others have suggested and buy securities for your 401 and keep your coins separate. In my case, I have my coins and physical bullion stash AND have a huge chunk of my 457 invested in various precious metals securities. With a 401, you have deferred taxes and that's key if you want to buy one of the bullion ETF's. This is because the bullion ETF's like GLD and SLV are taxed at the 28% collectible rate (ouch). For a taxable account that needs some real bullion, check into CEF Central Fund of Canada. It's a closed end fund but have never had an adverse tax determination so are still taxed at 15%. It holds both gold and silver bullion at about a 55/45 split. I own it. </p><p> </p><p>Now, precious metals mutual funds normally consist of all mining stocks and no bullion. Tocqueville Gold TGLDX is an exception in that it owns miners of all the metals like silver and platinum but also holds around 7% in gold bullion.</p><p> </p><p>Nice plays that I like are more of the precious metals ilk than the pure play gold funds. TGLDX, UNWPX (U.S. Global), even Vanguard VGPMX. Nice ETF's are GLD (gold bullion), SLV (silver bullion), GDX (gold miners), GDXJ (junior miners), SIL (silver miners).</p><p> </p><p>just some thoughts and as a disclaimer I own everything mentioned and also SLW (silver wheaton).</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1112942, member: 6492"]Howdy, I don't believe you can with a 401. I know you can with an IRA but you have to deal with a custodian and it's a royal pain. Much better to do what cloudsweeper and the others have suggested and buy securities for your 401 and keep your coins separate. In my case, I have my coins and physical bullion stash AND have a huge chunk of my 457 invested in various precious metals securities. With a 401, you have deferred taxes and that's key if you want to buy one of the bullion ETF's. This is because the bullion ETF's like GLD and SLV are taxed at the 28% collectible rate (ouch). For a taxable account that needs some real bullion, check into CEF Central Fund of Canada. It's a closed end fund but have never had an adverse tax determination so are still taxed at 15%. It holds both gold and silver bullion at about a 55/45 split. I own it. Now, precious metals mutual funds normally consist of all mining stocks and no bullion. Tocqueville Gold TGLDX is an exception in that it owns miners of all the metals like silver and platinum but also holds around 7% in gold bullion. Nice plays that I like are more of the precious metals ilk than the pure play gold funds. TGLDX, UNWPX (U.S. Global), even Vanguard VGPMX. Nice ETF's are GLD (gold bullion), SLV (silver bullion), GDX (gold miners), GDXJ (junior miners), SIL (silver miners). just some thoughts and as a disclaimer I own everything mentioned and also SLW (silver wheaton). peace, rono[/QUOTE]
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