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Thursday, February 26, 2009

The Gold Prices Newsletter

The Gold Prices Newsletter

Should You Put Gold into Your IRA?

Posted: 25 Feb 2009 12:17 PM PST

IRAs

This article is aimed at the American investor however it is an interesting read and might be useful to those of us not living in the United States, from the editors of BIG GOLD, Casey Research.

Within the last year, 401(k)s and IRAs have ceased to be a safe haven for Americans' nest eggs. In 2008, employees lost on average 14%, or about $10,000, of their retirement money. Those with more than $200,000 are even worse off – they lost more than a quarter of their savings. No wonder that more and more people are asking whether they can, or should, use an Individual Retirement Account (IRA) to hold physical gold. Our answer to the first part of the question is yes, indeed you can. The tax rules governing IRAs leave room for gold. But our answer to the second part is equivocal (more…)

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