401 K Vs Bullion What Do You Think

You're going out of topic, I think everyone have different answer to this one. IMO! I would pay off my house sooner then later, but everyone has their opinions.

Just curious greenprint, have you spoke with a Financial Advisor yet...

Generally speaking, bullion is a wealth preservation tool - that is, it helps hedge against inflation. If your money is in USD and the rate of inflation (which in my opinion is substantially higher than the government leads us to believe) is 4%, your 100,000 savings is worth 96,000 in a year. (in terms of what it will buy) So while acquiring bullion will PRESERVE wealth, it is not considered a growth strategy, whereas the stock market is. As a young person, the assumption is that you don't have wealth yet, you need to acquire and grow it - so you'll focus mostly on the market, less on bullion.

That being said, I wouldn't put my money in a 401K account at all. Unless there was a greater than 2 percent match by the employer. I say this because due to the fees that are charged for managed funds, you can do just as well on your own. If you look at the 12b fees on most managed funds, they are substantial and by some estimates cost you as much as 250,000 over an investor lifetime. A quarter million bucks is a lot to give someone to "manage" your money. A much better approach is to open an E-trade or Ameritrade account (I'm not a financial planner or a rep for either of these firms) and just buy an index fund. Index funds just mimic the movement of the market (Dow, Nasdaq) and cost very little.

This way, you save a fortune in fees (and because your young, you make more in interest over the long term)

Then, over time you can build your precious metals collection with money that's left over. But as has been noted here - metals are volatile and not for the faint of heart. But the key is diversity. I agree with everyone who's told you to do both, diversify. I disagree (respectfully) with everyone who has pointed you toward just the market or just precious metals. Just a 401K is not a good plan, nor is just precious metals. Do both...and and other things...diversify. Good luck.

Almost all FA's will tell you never to have more than 10 to 15% of your money in Precious Metals... So what about the other 85 to 90%?...

The problem with PM's is that no one knows what the price will be in 30 to 40 years and lets say Silver is at $20/ounce in 30 years then you really didn't gain much of anything and your probably going to lose when you try to sell as no PM buyer is going to give you $20/ounce for it...