Doesn’t Gold look like a bubble?
For a self directed IRA, there are two custodians that you can use to hold bullion. They are Sterling Trust http://www.sterlingtrustcompany.com/products-and-services/self-directed-iras/precious-metals-ira.aspx and Goldstar http://www.goldstartrust.com/IRAPrograms.htm#PreciousMetal. I dont know of any others. You can set this up directly with either of the custodians. No need to do through your dealer, as the custodians will work with any bullion dealer. However, if you have a dealer you like, then ask them which custodian they prefer to work with.
Personally I’m inclined to hedge long term gold holdings against other assets such as property, farmland and perhaps some other commodities. Oil is cheap now, gold is relatively expensive. Is oil therefore a good hedge for the time being against gold held in long term retirement portfolios? In any case, everyone can hedge by keeping a sizable (relative to gold holdings) fiat cash reserve in a few currencies.
I wonder whether all those collecting golden eagles have also considered that adding some swiss francs, yuan and euros to the stash (in actual notes) might be a wise move?
Although I do agree with the idea of holding oil, I think this is more of an offencive move which isn’t a bad thing (I am looking to acquire some holdings in the area in Chinese equities, among others) . I still like the idea of PM’s as a reserve for ones wealth being completely separate from the government (more specifically the US government, let alone all others). With that said, I do think your right on with the idea about investing into other currencies…..i would go as far to say other markets as well, although I do know it has its risks, I fell it would be worth it. Gold/Silver is my defence…with times buys with dips to the best of my ability, foreign markets (I.E. equities, currencies) is my offence.
It is a good question about those getting eagles. Maybe they are simply trying to get to a set position in gold before they get into other markets? I know that is what i did with PM’s…I had a goal position to reach first, then diversified out into other markets (just started this phase). I did it this way due to budget constraints though…..