GOLD-XAU Message Board - Msg: 4149346

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Gold/Mining/Energy : GOLD-XAU

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To: IngotWeTrust who wrote (1436)	4/21/1998 7:58:00 PM
From: Superhawk	Read Replies (3) of 1756

I need some advice. I'm new to the thread and to gold in general, but not a newcomer to SI. If I wished to convert some equity currently in stocks to gold, what are some expedient routes? For example, I can not take physical delivery of my IRA accounts without paying a rather significant withholding penalty. What is the best way to move part of an IRA's equity into bullion? Similarly, if I wished to take delivery of some coins for storage in a safe-deposit box, what is the least expensive way? I've done some homework. Brokers will buy and store IRA bullion in their vaults for you for approximately (round numbers now) $10.6K per kilogram plus 0.75%/year storage fee. A well-advertised precious metals firm will deliver 30-each 1-oz. American eagles to your door for about $9.9K. A local coin dealer will sell me 1-oz gold coins in lots of 10 for spot plus 6%. Are there better ways? I'd appreciate any links you can provide. Also messages are welcome via the SI "Private Message" feature so as not to clutter the thread (click on my name then, when you're on my SI profile page, click the upper right message box). TIA.

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