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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2413145, member: 71510&quot;]Therein lies the <u><b>false sense of security.</b></u>&nbsp; Many also thought their portfolios were safe with a PM IRA - only to find out that the metal wasn&#039;t there to back it.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie45" alt=":eggface:" unselectable="on" unselectable="on" /></p><p><br /></p><p>This is one of many stories - and they are plentiful on the internet for a reason - there are plenty of scams.&nbsp; </p><p><br /></p><p>I have big issues with tax deferred retirement vehicles.&nbsp; People are told to put all their wealth in them, rely on them - and then have no other means when the markets tank or companies fail.&nbsp; </p><p><br /></p><p>To me, a well balanced portfolio for retirement consists of several things.</p><p><br /></p><p>CASH ON HAND - #1</p><p>Paid off real estate (lowered cost of living)</p><p>Post-tax accounts stocks/bonds/CD&#039;s (someday they will pay interest again)</p><p>Social Security (hoping it&#039;s there when I start to draw)</p><p>401k/IRA</p><p>Bullion / holdings</p><p><br /></p><p>And then the bonus income:</p><p><br /></p><p>Pensions/annuities/etc...</p><p>Part time income / consulting</p><p>Small side business</p><p>Rental income / property</p><p>Collections and valuables (coin/stamp, boats, art, jewelry, whatever else you have of value)</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Pre-tax retirement funds have wealth that is tied up until all of the sharks take their share of it - and then they can transfer what is left into another account - only to have it chum the waters again.</p><p><br /></p><p>To complicate it even further, adding PM to the mix just seems like a recipe for disaster.&nbsp; </p><p><br /></p><p>For whatever money you save on tax deferral - you pay on gains - and then some.&nbsp; You also pay an administration/maintenance fee to the &quot;keeper of the metal&quot; so to speak.</p><p><br /></p><p>Last, you don&#039;t have it in possession, and it is a cash deal in USD - so if/when it liquidates - it is liquidated in cash - assuming the financial company providing it is solvent.</p><p><br /></p><p>If you are fearing the worst in the stock market - move into less volatile funds within the IRA.&nbsp; Money Market / Stable Value / Bond funds.&nbsp; If you have an IRA that can purchase stocks and/or ETF&#039;s then you can buy the gold and silver indexes - but again - you are paying a huge tax penalty when you liquidate.</p><p><br /></p><p>There&#039;s something to be said for convenience and tax deferral, but PM IRA&#039;s just scream of risk and overhead.</p><p><br /></p><p>If you only have money in an IRA and have no cash on hand - the first thought in my mind is to put aside enough cash to ride out any market volatility outside the tax deferred systems that lock up your resources.&nbsp; Then buy physical metal and store it yourself in a SDB or some secret location on your property.</p><p><br /></p><p><a href="http://www.coinweek.com/bullion-report/bullion-direct-another-bullion-biz-bankrupt-vault-virtually-empty/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/bullion-report/bullion-direct-another-bullion-biz-bankrupt-vault-virtually-empty/" rel="nofollow">http://www.coinweek.com/bullion-report/bullion-direct-another-bullion-biz-bankrupt-vault-virtually-empty/</a></p><p><br /></p><p><font size="4"><b><i>As Much as $25M of Stored Metal ‘Not Actually Purchased’</i></b></font></p><p>As a bullion investor and webmaster of About.Ag, I understand well the risks that customers face when ordering precious metals, especially from out of state vendors or websites. I’ve seen firsthand the implosion of such companies and the havoc these business failures bring to investors – people like you and me who want to diversify their asset holdings and look to bullion as a way to do that. Last year, I had started warning people about <a href="http://www.coinweek.com/bullion-report/tulving-company-collapse/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/bullion-report/tulving-company-collapse/" rel="nofollow">The Tulving Company</a> a few months before they shut down owing customers $17M, so I quickly noticed the red flags showing that this respectable 15-year-old company might have serious financial problems. So when, in June,&nbsp; a customer alerted me to problems at Bullion Direct, saying that he had waited several months without receiving metal he had purchased. I looked into it.[/QUOTE]</p><p><br /></p>

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