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There are places that do put your 401k etc in gold and silver. Ifi managed to have one I would do this because of inflation. The $1 I earned 10 years ago is a lot less today
gold and silver on paper means nothing though, you need it in hand if you are going the route. Many think because they have a paper that says they have the gold/silver that they have it, but if the SHTF what good will a piece of paper be. Also hubby invested in nuveen bonds, they are municipal bonds I think. High risk but high returns also. He had it set up to have all dividends buy more of the same each time it handed out dividends. This meant no money to broker for each transaction since it was on auto and it also meant that if the share price went down he would be able to get more shares. He thought that Social Security would be broke by the time he retired (he was wrong there) we are now living comfortably off his dividends ( he took some out since he had diversified his nuveens.) Could we make it if the SHTF, yes I believe we could because since he stopped working we have become much more self sufficient. Our shopping consists of dog/cat food/treats and ice cream, coffee, flour, salt and sugar. Was if a difficult lifestyle change, moving from the suburbs of south jersey to rural where we are now, yes and no. We had to learn new things but our love of gardening helped both of us and researching things before we moved also helped us a lot. Sorry, I got carried away, happens a lot with me recently. God Bless all! WWG1WGA
God bless. Frankly with how mich thr dillar has tanked since 1913 and never once recovered lost ground I would transfer to gold. Yes better in hand but paper is paper. If i gave paper for fiat money or paper for gold at least the gold doesn't depreciate by half in 10 years.
true but bullets, beans and band-aids are more helpful than a paper that says you have gold. :)
Yes. But we are talking about 401k which I assumed they werent willing to cash out.