Gold, gold, gold. Commercials, websites, even a sign-twirling guy on the sidewalk are all talking about buying gold. When gold-selling parties are over-taking tupperware parties in popularity and Ed McMahon is on the TV again, even I can sense a trend. But is buying gold in my IRA a good idea? I decided to look around to decide for myself (it is a self-directed IRA, after all).
Most websites are on one side of gold investment (buy gold with us, we’re the best!) or the other (don’t buy gold, invest in X instead!), but I was able to find enough seemingly independent sources and at least independent facts to compile a couple lists.
Reasons not to buy gold in my IRA:
Even though my cons outnumbered my pros, I decided to go ahead with a small gold investment, mostly because of the diversity argument.
Now to decide on a form….