I spoke to a broker or admin person at Euro pacific Capital

[christ_ambassador]

Seems like some can't agree within a financial company. I asked him of a problem to our economic woes could be due to this fiat currency we have and he said he doesn't buy into that theory.:scratch

Theory? If a ship is sinking with you on it, is THAT theory?:pound ask the folks who were on the titanic..an IRON ship

This video has been posted on another thread but am using it here to say I called the firm myself just moments ago and the president says one thing, the nobody s say another.:scratch great place to invest, just watch out who you go through:scratch
Peter Schiff Eur-pacific financial (http://www.brightcove.tv/title.jsp?title=1184398459)

[ojibweindian]

I've got a SEPP into which my company contributes a substantial amount. When I asked the SEPP manager about investing in silver/gold, he said that they buy shares of the mine, not actual metal.

So, I've made up my mind to cash out my SEPP when the money's posted, take the penalties and taxes, then buy as much silver as I can. I don't trust any investment firm, and I don't trust paper assets; I never have.

[seekingtruth1]

smart.....also consider that if there is a currency crises the govt may resort to very draconian mesaures and prevent you from taking teh money and moving it out of your 401K and they could make you buy up worthelss treasuries - it is not unwis eto take the penalty and free yourself....

The real thing is best but its subject to theft etc...and you have to hide it and nowadays peopel can find it with metal detectors.....

I've got a SEPP into which my company contributes a substantial amount. When I asked the SEPP manager about investing in silver/gold, he said that they buy shares of the mine, not actual metal.

So, I've made up my mind to cash out my SEPP when the money's posted, take the penalties and taxes, then buy as much silver as I can. I don't trust any investment firm, and I don't trust paper assets; I never have.

[seekingtruth1]

Interesting b/c Schiff does blame much of our woes on FIAT currency!
I like Schiff! I think he is a voice or reason on CNBC! Along with Donald Luskin!



Seems like some can't agree within a financial company. I asked him of a problem to our economic woes could be due to this fiat currency we have and he said he doesn't buy into that theory.:scratch

Theory? If a ship is sinking with you on it, is THAT theory?:pound ask the folks who were on the titanic..an IRON ship

This video has been posted on another thread but am using it here to say I called the firm myself just moments ago and the president says one thing, the nobody s say another.:scratch great place to invest, just watch out who you go through:scratch
Peter Schiff Eur-pacific financial (http://www.brightcove.tv/title.jsp?title=1184398459)

[can4christ]

I've got a SEPP into which my company contributes a substantial amount. When I asked the SEPP manager about investing in silver/gold, he said that they buy shares of the mine, not actual metal.

So, I've made up my mind to cash out my SEPP when the money's posted, take the penalties and taxes, then buy as much silver as I can. I don't trust any investment firm, and I don't trust paper assets; I never have.




Do a roll over, don't cash out and pay penalties and taxes. Open a self directed Roth IRA, and roll it into a precious metals IRA. Your assets will be held by a third party and when you retire you can take delivery of the metals. You can also buy gold & silver to hold now. Silver is a little more affordable and percentage wise is going up like gold. It is also a better means of exchange for everyday life, unless all your purchases will be very large.

[ojibweindian]

Do a roll over, don't cash out and pay penalties and taxes. Open a self directed Roth IRA, and roll it into a precious metals IRA. Your assets will be held by a third party and when you retire you can take delivery of the metals. You can also buy gold & silver to hold now. Silver is a little more affordable and percentage wise is going up like gold. It is also a better means of exchange for everyday life, unless all your purchases will be very large.

Normally, I'd take that advice. But with the strength of a lot of investment firms in serious question, I want whatever it is I buy to be in my hands.

I fully expect the Fed to make an attempt to inflate us out of a recession/depression because doing so would mitigate the short term pain of keeping interest rates at current levels. This, of course, is a recipe for massive inflation.

It's my opinion that if I were to keep money in a SEPP or other investment account, inflation would eat away any gains I'd see (assuming that the company that runs my SEPP actually manages to survive the next few years). Not only that, but I've never trusted stocks, bonds, securities, etc. because they're not really tangible items of real value. They're only figments of value, of real wealth.

So, I'm going to cash in the money placed into my SEPP, and look for real, tangible things to buy. Things that I can actually take ownership of, and keep in my possession (I also don't like anything coming between me and what I own).

[can4christ]

Normally, I'd take that advice. But with the strength of a lot of investment firms in serious question, I want whatever it is I buy to be in my hands.

I fully expect the Fed to make an attempt to inflate us out of a recession/depression because doing so would mitigate the short term pain of keeping interest rates at current levels. This, of course, is a recipe for massive inflation.

It's my opinion that if I were to keep money in a SEPP or other investment account, inflation would eat away any gains I'd see (assuming that the company that runs my SEPP actually manages to survive the next few years). Not only that, but I've never trusted stocks, bonds, securities, etc. because they're not really tangible items of real value. They're only figments of value, of real wealth.

So, I'm going to cash in the money placed into my SEPP, and look for real, tangible things to buy. Things that I can actually take ownership of, and keep in my possession (I also don't like anything coming between me and what I own).



You can move it to a precious metals IRA, where you are buying gold, silver, platinum and palladium and are then protected against inflation and don't loose 40% to taxes ans penalties. You control it.

[ojibweindian]

You can move it to a precious metals IRA, where you are buying gold, silver, platinum and palladium and are then protected against inflation and don't loose 40% to taxes ans penalties. You control it.

If I could hold it in my hands, then I'd consider it. But that kind of IRA "holds" it; I cannot take possession of the metal itself. If I can't touch it, I really don't own it, but rather am "renting".

I personally think it best to remove all intermediaries between me and whatever it is I own. That way, I've much more control. Also, I can always "open the safe" to verify that the commodity is there, as opposed to taking someone's word for it.

[PrincessofHeaven]

:thumb:thumb:thumb:thumbIf I could hold it in my hands, then I'd consider it. But that kind of IRA "holds" it; I cannot take possession of the metal itself. If I can't touch it, I really don't own it, but rather am "renting".

I personally think it best to remove all intermediaries between me and whatever it is I own. That way, I've much more control. Also, I can always "open the safe" to verify that the commodity is there, as opposed to taking someone's word for it.

[HisAlways]

You can move it to a precious metals IRA, where you are buying gold, silver, platinum and palladium and are then protected against inflation and don't loose 40% to taxes ans penalties. You control it.
Wish it were the same with my 401K. With Fidelity controlling where I am invested, I feel totally helpless. Especially watching it go down and down each day with the stock market.

I guess I cannot withdraw it, as it is company controlled....??

Know nothing about stock markets or investments.