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<p>[QUOTE="Brett_in_Sacto, post: 2233016, member: 71510"]A month or two ago there was a company promising IRA gold/silver holdings at their "Vault" and it turned out to be a scam.</p><p><br /></p><p>People want to leverage their investments in gold and silver and they get greedy. </p><p><br /></p><p>Of course, who wouldn't want to make a few percentage points every month? </p><p><br /></p><p>But really, being a small investor - do you think big companies are going to hassle with you unless they expect to make money off of you? And you are taking on all of the risk.</p><p><br /></p><p>Even if it was legit, and it could be - at least at first until someone figures out that there is free PM sitting in a vault somewhere and their lawyers give them an exit strategy.</p><p><br /></p><p>He who has the gold makes the rules.</p><p><br /></p><p>For a few percent profit - you're better off selling the PM and putting the money into a mutual fund.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2233016, member: 71510"]A month or two ago there was a company promising IRA gold/silver holdings at their "Vault" and it turned out to be a scam. People want to leverage their investments in gold and silver and they get greedy. Of course, who wouldn't want to make a few percentage points every month? But really, being a small investor - do you think big companies are going to hassle with you unless they expect to make money off of you? And you are taking on all of the risk. Even if it was legit, and it could be - at least at first until someone figures out that there is free PM sitting in a vault somewhere and their lawyers give them an exit strategy. He who has the gold makes the rules. For a few percent profit - you're better off selling the PM and putting the money into a mutual fund.[/QUOTE]
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