Another Interesting Gold Price Article

Nice article, I would add:
5) Oil increases, will increase costs of operating heavy equipment.

Anyone else have a 6,7,8,9... reason?

Hey Ed, MF Global was doing just what you are looking for. They had vaults, their clients had warehouse receipts for the exact bars they bought, and investors still got hosed. People like you and me bought gold bars through MF Global and kept them in their safe, which we all thought had a stronger door than the safes we have at home. They forgot about the safecrackers known as courts of law.

They call it "not differentiating between asset classes in bankruptcy hearings" but we common folk call it theft.

There are plenty of IRA custodians that allow you to buy gold with your IRA. Just google "gold in ira". The problem is that MF Global was an industry leader, had corporate roots spanning 4 centuries, Goldman Sachs alumni in the CEO chair, massively diversified, solvent, profitable. Up until their checks wouldn't clear that is. Then everybody ended up with a 40% haircut on their investments.

Yes, I know all about MF Global and their financial shenanigans... at least as much as anyone not on the inside or engaged in the current theft, er, bankruptcy proceedings. Of course, they are not anyone with whom I would have done business anyway. I was referring to something a lot more stable and solid, such as Vanguard, T. Roe Price, or Fidelity. For these outfits, PMs would be a small part of their business, so they would be unwilling to jeopardize the large part of their business by messing with their clients accounts the way that MFG did.

Another requirement that I have would be that the companies would not be using leverage or derivatives in their PM business. If the US and / or world financial system ever collapses, we can be relatively certain that it will be due to the leveraged derivatives that are being used with such carelessness... all $800 trillion of them at the current count.

No system is perfect... not even home storage. Add to that, we cannot invest IRA money in home-stored PMs and that is where the bulk of my retirement money is. I like the idea of diversification a lot, so store my physical silver in 3 separate and relatively secure places. I would do something similar with IRA money invested in PMs but would need to know a lot about the custodian, their history, their insurance carrier, and the level of satisfaction that their clients have with their services. None of the small custodians I find listed on the bullion sellers web sites comes anywhere close to qualifying, so for now at least it doesn't look like this is gonna happen unless I take some taxable IRA distributions and buy physical gold and / or silver outside my IRA.

I haven't checked out a possible bullion IRA account with Gold Money yet but plan to do so soon. They have a very good rep for high quality service at a reasonable price, so are sure to have thoroughly vetted any IRA custodian they recommend.