MONEY
Bank on A Golden Retirement
Gold should be an important part of your retirement portfolio. ::
BY GREG BROWN A
mericans hold $18.2 trillion in retirement assets and nearly 27 percent of that total in
individual retirement accounts (IRAs), according to the Investment Company Institute. Until recently, most banks and brokerages have actively discouraged holdings other than traditional common stocks or Treasury bonds. Things are
changing fast. As millions of
Inevitably, gold comes up, and
many pro money managers say there’s no reason to shy away from the idea, even in an IRA, and even after gold’s long run-up in price in recent
This means buying gold coins
baby boomers look toward retirement, they are seeking ways to diversify their holdings — but they want alternatives to the roller-coaster ride they’ve seen in U.S. stocks of late.
Political Consultant JEFF BELL:
U.S. must return to gold standard to
avoid dollar disaster. SEE VIDEO AT:
newsmax.com/SeeTV
68 NEWSMAX MAXLIFE | FEBRUARY 2012
I advise all of my clients to own precious metals. We typically hold 15 percent to 20 percent of clients’ assets in physical gold.”
years. “There are those folks out there who have a deeply embedded mistrust of the government, of monetary authorities,” says Charles Atwill, managing member of hard-asset focused investment adviser AFCG in Richmond, Va. “For those folks, if they are really
that mistrustful, I would say own the metal outside the IRA. Own it in a safe place. Store it yourself, and don’t tell anyone about it.”
or bullion and placing it in a safe- deposit box or somewhere else secure. For those who don’t feel comfortable holding a gold stash, Atwill suggests physical bullion funds like the Central Fund of Canada (CEF), Sprott Physical Gold Bullion Trust (PHYS), and Sprott
Physical Silver Trust (PSLV), each of which offers variations on the theme of owning physical metal via a tradable fund. “I advise all of my clients to own precious metals,” says Atwill. “We typically hold 15 percent to 20 percent of clients’ assets in physical gold.” Atwill prefers funds, he says,
because metals in a safety-deposit box become a problem when it’s time to rebalance. If gold or silver appreciates
SAFE/ISTOCKPHOTO
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