Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (9193)	2/13/2000 9:02:00 PM
From: Oblomov	Read Replies (1) \| Respond to of 42523

You can definitely have precious metals in an IRA, but you can't take possession of them until you retire. In other words, you have to find a broker or coin dealer who is willing to store the items held by your IRA. I'm pretty sure that you cannot hold futures contracts in an IRA, but I could be wrong. Covered calls can be sold in an IRA.

To: Ilaine who wrote (9193)	2/13/2000 9:42:00 PM
From: yard_man	Respond to of 42523

Probably would have to be a fund of some kind in an IRA for commodities. Sorry I can't be of more help on that one. Gold stocks could go down in a BK but are thought to be inversely correlated with the markets and ... gold has been in a multi-year bear as the markets have taken off. Disclaimer: I own a number of different gold shares. I am very bearish on our stock market and have been since July '88. There are also short funds. To hedge your husbands 90% stocks you wouldn't have to put much in short fund as most use leverage of one form or another. If he is diversified (i.e. doesn't have all his eggs in MSFT, INTC or YAHOO) a modest bet would help you hedge against a BK, IMO. Just some ideas from someone who is nutty enough to think that BK is really right around the corner (I didn't think we'd recover in October '98, but I was wrong then. I could be wrong now, too.)