Roth IRA and Silver ETF SLV

More details on the Roth IRA:
http://www.youtube.com/watch?v=2-UIQUOusBk

Watching the price of silver go up and down makes one wonder if there is a way to capture that spread and lock in profits. Yes there is. If you qualify for a Roth IRA and you manage the account yourself you can buy and sell the ETF SLV and the gains compound tax free in your account. If you hold a core asset of physical silver and accumulate on the big dips down, and trade the spread of the spot price in your Roth you get the best of both worlds. You should consult a financial planner to see if you qualify but if you do, the Roth IRA can be a very good way of growing your retirement, or saving up to buy your first home, or used to put a child through college. The advantages of a Roth are something that no person eligible for should pass up. Manage your own and make better returns than your broker would if they handled it for you and charged you fees up the kazoo. If you can count to ten, read , and click a mouse you should be able to manage your own Roth IRA account.

Category:

Education

Tags:

• Roth IRA
• College Fund
• First time home buyer
• silver investing
• precious metals
• retirement account

[urkingod]

so are you encouraging to open IRA / ROS IRA account for your precious metal investment rather than just buying and stacking precious metals ?

[thecomicsitedotcom]

@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.

[hatch381]

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?

[thecomicsitedotcom]

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.

[413dan]

Hey thanks for responding, What you said makes a lot of sense.

[thecomicsitedotcom]

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.

[413dan]

do you mind explaining this to me? I'm under the impression that debt in USD is wonderful especially when the fed keeps printing.

[wizardofounce]

ZSL on the way down.

SLV on the way up.

[thecomicsitedotcom]

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.

[143DREWID]

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.