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Get out of RRSP, IRA, 401k etc

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Uploaded by on Dec 23, 2010

Category:

Education

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Standard YouTube License

  • likes, 9 dislikes

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Uploader Comments (davincij15)

  • My friend cannot withdraw cash from his retirement plan with vanguard to buy physical silver. Vanguard says that unless there is a hardship or disability case in his life or him changing jobs he cannot withdraw cash. What in the world that really sucks for him to hold paper dollars right now. The way I see it he can't save in physical. Where could he roll over his money to, any advice?

  • @PiercingKnight

    Not sure I suggest you ask as many people you can try to find options.

  • what is eurpac?

  • @anyusmoon1

    Peter Schiff's Brokerage house his company would give you good financial advice.

  • Silly gold bugs. Gold and silver is not money. Worse, it has no value. Take your paper money and buy food, water, shelter, gun(s), and ammo. If a fiat $ crisis occurs like this PM advisor states, gold and silver are worthless.

    These people will want to give you one Gold bar for a can of beans and a bottle of water because they werent thinking logically when they rammed all their money up these PM asses and instead, should have consider a crisis as such would cause global panic and mayhem.

  • @miasma1616

    Hey man people though that houses only go up, that was true until it stopped being true. People think that dollars have value and that is true until it's not true. For 6000 years gold has been valuable and has never lost value. Sure it's possible for gold to go to zero however, it has long history value compared to paper money that has 100% failure rate.

    In the end Reality will be our judge, silly paper bug.

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  • @miasma1616

    i believe you are wrong,here is way,just measure the value of paper ( and the imprinted fictionary value on it ) to precious metals or minerals,like gold or silver or platinum or diamonds etc,papers value (ever it was invented) was always lower as those of those precious metals regardless of which time period or society around,in my opinion the only thing paper money is good for and has value to it ,is to keep a fire going or make one

  • @BrotherJohnF What do you mean you can borrow half of it?

  • @BillKville What about the dollars you have in 401k. Your about to loose those right. Sucks.

  • @miasma1616 I've done this too much today already but here goes (again): Will you personally store enough food and supplies to last the rest of your life? NO! Even if SHTF, division of labor/skills/knowledge will STILL exist. Precisely because very few people ARE entirely self-sufficient, we will have to trade and food doesn't keep permanently. Gold and silver worthless??? Tell that to the Zimbabweans a couple years ago or the vietnamese refugees in the 70's! I hate normalcy bias...

  • @miasma1616 I have to agree with this. I'm looking at getting out of my 401k right now. Gold and silver may be an interim answer but I'm thinking food, water, and protection are ultimately what you need to use the soon to be funny money for.

  • @davincij15 That's what I thought but just checking. You might want to put a link in to Peters YT channel or his website? Dunno, just thinking out loud. :)

    Good vid and I like your replies to the comments.

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