Lux Investing

Can anyone explain the process for investing in gold?

I tried to have my 401k rolled over to investing only in gold. They said that it could not be done since gold/silver is a commodity. Can anyone tell me the best way to get OUT of the market and get INTO gold? I am convinced our dollar will collapse catastrophically and only those with gold stand a chance at even surviving without being a ward of the state and enslaved. Your help is appreciated.

Public Comments

1. buy gold. put it in a safe place, cash it in when it reaches the amount that you want to sell it at.
2. If you really believe this, then perhaps you should just start buying actual gold? You can buy gold coins from the U.S. mint.
3. Had you of cleared out the 401 last spring the taxes paid would have been less than your current losses. Even still pay the tax and your 401 is yours to do with as you like! Trust accounts are indispensable when your money is being inflated & devalued at the whim of a government hijacked by a party. Crooked ,thieving , en-slavers good for absolutely nothing but impeachment & Jail
4. buy mining stocks with your 401k you may have to roll it into an IRA 1st. But they are correct you can't buy straight commodities such as gold, silver, or wheat with 401 k funds. If you feel that strongly about it take the hit on cashing out the 401k and then do what you want.
5. You want a gold backed IRA. There are a few out there, most of them in Texas. Be careful though. If you are going to have gold held for you. I would recommend you work with a broker that allows you to store the gold with a 3rd party. Some will try to sell you a plan and store your gold but I would stay away from them. It becomes too easy for them to get reckless with your assets. Stick to a 3rd party. Lastly, stay away from Exchange Traded Funds (ETFs) or any other paper note that only claims you own gold. If you don't have possession of it, you don't own it. It can all disappear in a flurry of paperwork. I am currently picking gold and silver stocks. If there is a large and continued increase in the demand, the value of the stock should rise proportionately.
6. There are many ways to buy gold online or via your local gold trader ,one thing i would mention is that if the US ever declares a state of emergency the government have the power to confiscate your gold.I found a very interesting free report explaining many things i did not know regarding the gold arena you may well find it an interesting read...hope it helps.