Can I buy gold & silver with my solo 401k

Question

Merry Christmas everyone!...I think...No Interest rate for a decade, QE after QE for a decade...worldwide. Uh....Can I buy physical gold & silver with my solo 401k? I have non, need to get to 10-15% yesterday. Thoughts or ideas? Thx.

George Blower · Answer

@Jeff CaravalhoFor guidance on storing requirements See IRS Private Letter Ruling 200217059

Jeff Caravalho · Answer

Thank you @George Blower, good stuff, Merry Christmas (if your not in the stock market)!

George Blower · Answer

@Jeff CaravalhoYou can certainly invest a solo 401k in certain precious metals as long as certain requirements are met, such as the pureness level requirement of .995 fineness (99.5% pure).Here are some popular GOLD metals that can be held in both IRAs and solo 401k plans. American Eagle bullion and/or proof coins American Buffalo bullion coins Australian Kangaroo/Nugget bullion coins Austrian Philharmonic bullion coins Canadian Maple Leaf bullion coinsHere are some popular SILVER metals that can be held in both IRAs and solo 401k plans. American Eagle bullion and/or proof coins American the Beautiful bullion coins Australian Kookaburra bullion coins Austria Philharmonic bullion coins Canadian Libertad bullion coins Mexican Libertad bullion coinsLastly, the following code section references allowable types of coins in a retirement account: Section 408(m)(3)(A) of the IRC (Internal Revenue Code). And following code section of the IRC defines the bullion standards: Section 408(m)(3)(B)

Dmitriy Fomichenko · Answer

Jeff, you have to keep your metals in the third party depository. There are companies offering such service. I don't invest in metals because they don't really offer any growth potential, therefore don't have any recommendations, you'll have to research on your own. Perhaps you can put up to 10% of your portfolio in it as hedge against inflation, but I would not recommend any more than that. Even in this market you can find opportunities to invest in something better: you could do some private lending, invest in syndication or note fund. If you do your due diligence you can find low risk investment with return in the neighborhood of 10% annually.

Jesse Moon · Answer

@Jeff Caravalho no matter how you diversify it, you will lose in a bear market. I can share a few alternatives growth vehicles that are better than the market if you're open to it.

Daniel Banic · Answer

I need to put my 2 cents here because I know what's going on behind the scenes with the market , everybody is running scared going for gold and silver (physical assets) and bitcoin and real estate. Yes there is a huge bubble and it will burst but so what , Trump will audit the the fed and take them down and make a reset. It's that simple. you could have made a killing shorting the Tech markets in Nasdaq with spreads with options during the votality in the past months or just do like billionaire Ichan and buy and hold good long term yield stocks and become rich longterm. People like to make things complicated in the stock market but can be just simple if your head is right. As for the entertainment buisness , the childrens market is killing it on youtube channels. The childrens entertainment was and is always will be king , while many investors are playing it safe with real estate , there are startups on youtube making a killing 50,000 to 100,000 a month and some equity firms are starting to get in the game with these channels , Moonbug entertainment runned by a husband a wife team with their childrens cartoons with millions of youtube views plus a month just rasied capital for over 100 million with a equity firm this week. Talk about hitting the lottery with just putting up nursery rhymes cartoons , Ha Ha !!!

John Thedford · Answer

AK's cost a heck of a lot more than any bullion coin:)Ask me about my stash:)

Jim K. · Answer

Meet me after the Apocalypse and we'll go hit the APMEX depository together! It's the end of the world and I want me some fat orange Kruggies in my hot little hand!

Jim K. · Answer

When the economy really goes to hell, forget getting your hands on your 3rd-party-held gold -- you'll find it was really in a vanishing leprechaun's pot all along. Butch up and go full prepper. You're gonna need a stash of Kalashnikovs and ammo in yout basement. The warlording will sustain you until you can get the human trafficking set up.

Sam Shueh · Answer

Invest Gold or precious metal etf fund. No need to worry about theft. One click you are done and invest in another liquid fund.