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<p>[QUOTE=&quot;Blissskr, post: 2214657, member: 34882&quot;]<a href="http://d3au2jhdi7kksl.cloudfront.net/Bankruptcy-Case-Filing-7-20-2015.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://d3au2jhdi7kksl.cloudfront.net/Bankruptcy-Case-Filing-7-20-2015.pdf" rel="nofollow">http://d3au2jhdi7kksl.cloudfront.net/Bankruptcy-Case-Filing-7-20-2015.pdf</a></p><p><br /></p><p>I suppose this pdf of Bullion Direct filing for bankruptcy would stand as facts for what the other poster had to say. If someone wants to invest in a PM IRA fine but better find a reliable company and because the rules are so strict regarding PM IRA&#039;s. The &#039;custodian&#039; of the account is the one who takes your money and then buys/stores your bullion until you liquidate or reach retirement age and can then finally take physical possession. </p><p><br /></p><p>This essentially means that you never get to see your physical metal and makes PM IRA&#039;s ripe for fraud ala this Bullion Direct thing. Anyone can take the money and send an account statement saying you have x,y,z in precious metals in your account. But with no way to actually view your PM and if you want it for a PM IRA you can&#039;t just buy it yourself and then place it in storage due to the PM IRA rules a &#039;custodian&#039; has to do this for you. Not sure how the great minds of government who approved these types of IRA&#039;s didn&#039;t foresee how they would make an almost perfect ponzi scheme situation. </p><p><br /></p><p>If someone wants to invest in PM fine but might as well buy the physical metal yourself and avoid a PM IRA. Your poll should have had more choices for a percentage as 15% and 90% seems way too high. I myself technically I guess hold a good chunk of value in PM but I buy them because I like the coins not because I think they will make me rich someday.</p><p><br /></p><p>Also I know that PM hawkers usually push currency collapse as one reason to hold PM and for instance if that did occur (which I&#039;m not in the camp thinking it could or will unless the whole world went to shhh) does anyone believe that you&#039;d be able to get your PM from the custodian? Or how about PM&#039;s having any value at all in a disaster scenario? Nope, food, water, lead would be valuable commodities not hunks of metal you can&#039;t really do anything with. Most examples of places where drastic economic collapse happened and PM&#039;s had any value when used as examples also leave out that it was because only localized currencies went south that PM still had any value. The value was when compared to another non faltered currency which could be used to buy x,y,z. If the U.S. dollar ever did collapse I don&#039;t think PM&#039;s would valuable as some hawkers try to pretend they would be. People wouldn&#039;t be trading a loaf of bread for a mercury dime or a cow for a gold eagle, that&#039;s simply a fictional estimation of what reality would be like. It would probably be a nightmare that I nor anyone else would ever want to experience.[/QUOTE]</p><p><br /></p>

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