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<p>[QUOTE="thedabbler, post: 1889731, member: 32800"]I'm missing something. What difference are you seeing between buying GLD or SLV and buying gold or silver and having it kept in a segregated account by someone else?</p><p><br /></p><p>The reason people recommend buying physical gold or silver instead of paper gold or silver is so that you can hold it yourself, and not worry about someone who is supposed to be holding it for you deciding to abscond with the gold or silver. Since you don't hold the gold or silver in an IRA, pragmatically speaking, it is paper and not physical. </p><p><br /></p><p>From what I can see, buying a gold or silver ETF is more convenient (a click of the mouse vs. selling and arranging for delivery), costs less (substantially lower storage and administration fees, because they are spread through the ETF, without the individual accounting that the IRA would require), and has the same level of security.</p><p><br /></p><p>What am I missing?[/QUOTE]</p><p><br /></p>
[QUOTE="thedabbler, post: 1889731, member: 32800"]I'm missing something. What difference are you seeing between buying GLD or SLV and buying gold or silver and having it kept in a segregated account by someone else? The reason people recommend buying physical gold or silver instead of paper gold or silver is so that you can hold it yourself, and not worry about someone who is supposed to be holding it for you deciding to abscond with the gold or silver. Since you don't hold the gold or silver in an IRA, pragmatically speaking, it is paper and not physical. From what I can see, buying a gold or silver ETF is more convenient (a click of the mouse vs. selling and arranging for delivery), costs less (substantially lower storage and administration fees, because they are spread through the ETF, without the individual accounting that the IRA would require), and has the same level of security. What am I missing?[/QUOTE]
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