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<p>[QUOTE="medoraman, post: 1891524, member: 26302"]I agree with Jim. I also do not agree many times with pm stackers, but I agree with them wholeheartedly that long term investment in pm is best served by physical possession of it. One to lower your carrying costs, and two to eliminate counterparty risk. Since the 401k rules are intentionally restrictive on them, to prevent people collecting coins but declaring it "investment", I would say 401k money is not a good avenue to invest in pm. Use after tax funds, physically buy the pm, and put into a SDB seems to be the safest course.</p><p><br /></p><p>Its unfortunate, but the pm industry seems to be a magnet for lying, sleazy dealers. History is rife, (and I am speaking of every single year, including this one), with news of shady pm dealers bilking clients out of their life savings. This makes it even more important to make sure you educate yourself, use respected dealers others will vouch for, and to physically take possession of your items.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1891524, member: 26302"]I agree with Jim. I also do not agree many times with pm stackers, but I agree with them wholeheartedly that long term investment in pm is best served by physical possession of it. One to lower your carrying costs, and two to eliminate counterparty risk. Since the 401k rules are intentionally restrictive on them, to prevent people collecting coins but declaring it "investment", I would say 401k money is not a good avenue to invest in pm. Use after tax funds, physically buy the pm, and put into a SDB seems to be the safest course. Its unfortunate, but the pm industry seems to be a magnet for lying, sleazy dealers. History is rife, (and I am speaking of every single year, including this one), with news of shady pm dealers bilking clients out of their life savings. This makes it even more important to make sure you educate yourself, use respected dealers others will vouch for, and to physically take possession of your items.[/QUOTE]
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