Just how do you go about putting physical precious metals into your retirement account...?
I had just left a company where I had accumulated a nice amount of retirement funds in my 401K plan.
Like most people, for me a nice amount is any money that somehow hasn't gone to pay for college tuition. So I found myself for the first time in a long time needing to consider what to do with a small chunk of change.
While mainstream financial and a growing number of economic forecasters focus on investors fleeing the gold bullion market, I am following in the footsteps of central banks around the world...
Investors pulled out a record amount of money from gold bullion-backed exchange-traded funds (ETFs) this past February. A total of $4.1 billion was withdrawn from gold bullion ETFs last month, the largest single-month outflow since January of 2011. (Source: ETF Trends, March 6, 2013.)
Written by Adrian Ash, Bullion Vault
Yes, the real rate of interest matters to gold. But not as much as its direction...
Wall Street and the City are coming to decide that gold is a sell. Because interest rates, they reason, are set to rise sooner than they used to imagine.
This professional money is only half-wrong. Central banks aren't about to hike the returns on cash savings, which have been a wasting asset pretty much non-stop since 2007.
by Andrew Butter
I posted something about gold early last September when the price was $1,750; the message was "Be Wary".
As expected I got some deliciously abusive comments thrown like rotten-eggs; from behind the safe anonymity of pen-names; my favorite this time was:
"What an irrelevant article? Who cares where gold will be down the road? Right now, gold's breaking out. Just ride the trend while it lasts. Is that complicated?"
by Frank Holmes, Money Morning
When investing in gold, I often say diverse opinions promote critical thinking and a healthy market. I believe elevated groups of buyers and sellers create a competitive tug-of-war in the bid and ask price of the precious metal.
Last week, we saw the gold bears growling louder and gaining strength, as the world's largest gold-backed ETF, the SPDR Gold Trust, experienced its largest one-day outflows since August 2011.