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so are you encouraging to open IRA / ROS IRA account for your precious metal investment rather than just buying and stacking precious metals ?
urkingod 8 months ago
@urkingod No, I'm saying if you already have an IRA and want to gamble on silver going up then it is another way to insure against inflation. If I had $4k in cash that needed investing I would stack.
thecomicsitedotcom 7 months ago
Hey Bro.Ive tripled down on this video. I really like this idea. Ive been to the bank two days in a row to talk about rolling over my traditional IRA into a ROTH but couldnt get to talk to a rep. I dont have time to wait around all day so I guess I will try again tomorrow. Two quick questions if its not too personal..what chart do you watch? Ive been watching the SLV chart at Google Finance but you may have a better idea. Also, I assume youre using the 1day chart, is that correct?
hatch381 2 years ago
You can use the SLV chart it does mirror the kitco live silver spot chart,(-management fees) plus they have historical going way, way back.
If you want to roll over your IRA the first step is opening a new one. If you roll from a traditional to a roth you will owe taxes. You can trade the slv in a traditional ira, I do that as well, its just not as profitable at cash out time.
thecomicsitedotcom 2 years ago
ZSL on the way down.
SLV on the way up.
wizardofounce 2 years ago
Vegas IRA
oh yeah
double down
the finality is the pisser. If intending upon withdrawing in a couple years if not sooner. the reward will be the worthless dollar. the percentage gained will be lost to pending hyper-inflation.
damn fun though.
143DREWID 2 years ago
If you have fixed debts denominated in US dollars, devalued or not it would still pay off the debts :) I like to call it the Free House Hedge.
thecomicsitedotcom 2 years ago
do you mind explaining this to me? I'm under the impression that debt in USD is wonderful especially when the fed keeps printing.
413dan 2 years ago
If you owe 200k on a mortgage that is fixed at 4.6%, as the dollar becomes worth less through inflation (Fed printing money), you actually owe less. This would only be true on money borrowed at a fixed rate because during high levels of inflation the interest rate will go up.
thecomicsitedotcom 2 years ago
Hey thanks for responding, What you said makes a lot of sense.
413dan 2 years ago