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Trying To Help A New Goldbug and Need Some Advice

Posted by Farmboy @ 8:57 on February 8, 2016  

Have a friend whose eyes are not as dim as they once were. Old hard line Democrat who has seen the light and will not be voting any longer for the idiotic progressive liberal party. Counting that as a win. Also one who was anti-gun to the extreme and purchased their first firearm, a 9mm pistol although they nearly dropped the dang thing after firing the first round. Just had to laugh when they replied, ” I had no idea they made that much noise!” None the less the weapon is now in their possession and will be visiting the local Sheriff office to get a concealed carry permit. Counting that a major win as well. But have run into a problem in getting them to purchase some gold. They will have to pull the funds from their IRA, which at he age of 60 the way I understand it they can do without the usual early withdrawal penalties. But will first have to pay Uncle Sam about 30% off the top in taxes before they can go buy the golden relic. Any ideas how to get around that income tax hit? Seems only other choice would be to convert their funds into a Gold IRA. Any recommendations to which company to trust to hold their gold in an IRA?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.