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I Have A Gold Exit Plan For Some Perhaps....

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Pillar of the Community
United States
648 Posts
 Posted 08/13/2011  09:21 am  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
Perhaps I am looking too much into it -

In 2010 and 2011, the modified adjusted gross income limits are:

Single filers, Head of Household or Married Filing Separately (and you did not live with your spouse during the year) with modified adjusted gross income up to $105,000 ($107,000 in 2011) can make a full contribution.

Contributions are phased-out starting at $105,000 (or $107,000 in 2011) and you cannot make a contribution if your adjusted gross income is in excess of $120,000 ($122,000 in 2011).
Edited by tripncoins
08/13/2011 10:57 am
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/13/2011  10:29 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Oh you make too much money...yeah I don't have that problem. I guess the traditional IRA is the one for you millionaires and billionaires.
Pillar of the Community
United States
648 Posts
 Posted 08/13/2011  10:46 am  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
I am neither, but just buy bullion with plain old cash.
Edited by tripncoins
08/13/2011 10:47 am
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 08/13/2011  11:16 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
so what is to say that gold WONT go back down below $1000 oz?

if gold is solely tied to the DOLLAR and economic FEARS, there is part of me, a very small part of me that is holding out for the economy to get better.

markets rise and fall no? upswings and downswings?

well, looking at the graph for gold and silver, it seems as if we are DUE for a HUGE correction.. no, all things considered, there are things going on in the world politically and globally that were not going on in prior swings.

however, I totally get the smaller swings of 90-100$/oz. buying/selling for short term profits - to each his own

but I want to buy gold really bad - for the long term. I just cannot come to grips with buying it THIS high($1500++)

i know the economy is bad, unemployment, jobs, etc etc. which in my opinion only, is why the PMS are doing so well. and they can only do so well for so long. if we knew the future, we wouldn't be talking about this would we...

anyway, I dont want to get too wrapped up in this gold/silver 'craze'.

i think there will be opportunity later on down the road if/when our country realizes there is a bigger problem going on

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Ed_B's Avatar
United States
4008 Posts
 Posted 08/13/2011  8:04 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
so what is to say that gold WONT go back down below $1000 oz?

How about the total financial incompetence of the US government, wars in the Middle East, debt running amok in Europe and the US, earthquakes and tsunamis in the western Pacific, Mexico coming apart at the seams, etc, etc, etc? Not saying that gold CAN'T go to $1000 per oz. but it sure seems unlikely anytime soon.

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