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Take Possession Of Your Coins

July 30, 2012 by  

Dear Bob,

I have gold and silver coins in my IRA but you have said that it is best to keep and store your gold and silver yourself. Should I cash it out and get my coins?

A: Yes, take possession of your gold and silver coins! Trust in government, bureaucrats, politicians, bankers, “safety deposit boxes,” etc., are things of the past. Regardless of what the crowd does, survival requires and demands that we become very independent and very private. Do not trust anybody with your gold and silver coins. This is your survival — your very existence — at a time when the system and the rule of law is imploding. The term “segregated accounts” can be gross deception, as was proved by the collapse of MF Global. People like Jon Corzine are big-name crooks who can steal billions of dollars and do not go to jail. Americans have never seen times like we live in now.

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Bob

    Invest in a good safe or build a false wall hiding place in your home to keep you gold and silver at hand. As a coin collector and part time dealer I know many who still trust in safe deposit boxes, but I continually advise them to bring it home.
    There are many good hiding places in the average home.

  • Earl Ellison

    Go 2 investmentrarities.com they buy & sell gold and silver and suggest setting up an IRA with storage thru Brinks. They also recommend having much more silver than gold as silver will out perform. Web site gives access to Ted Butlers’ writings so U can understand the whys. Get a pile of pre 1965 USA 90% silver coin to have on hand when fiat $ collapse and smaller transactions R needed.When the JPM manipulation ends (soon) silver will will go beyond $75 quickly. I have no interest but 2 have more know so the manipulation ends sooner.

    • Earl Ellison

      Additionals… A tax & or penalty will happen on pulling out of an IRA unless a ROTH. Do U want that event when gold is under $1700 OR OVER $5000????? IF THERE IS A CONFISCATION OBAMA WILL GO AFTER LARGE PILES OF IT 1st, not a personal hiding place.

  • OneDamnAngryAmerican

    I hate to be the bearer of bad news, but thieves, these days, are more sophisticated then you might think. THEY DO NOT ROB POOR PEOPLE! This is a known fact: If they, the thieves, believe you have a safe or “metal” hidden in your home, to includes guns and ammo, they will go in with a metal detector to look for it. THEY WILL NOT STEAL YOUR GRANDPA’S WALTHAM WATCH! And, they will not waste their time in your “panities” drawer. Thank your savior in DC for this and start thinking like they do in DC (they are all crooks) to figure out where and how to hide your belongings, no matter what they might be!

  • Suzanne

    Does anyone have any info on, Gold Money, is it safe?

    • http://www.silvergoldinvesting.net Jon

      I have been using GoldMoney for the past year and a half. They are very safe, however, I would not store 100% of my metals with them. I would spread out the risk in the event we get another MF Global type deal. I store some at home as well.

      GoldMoney has a great track record and are very transparent in their reporting but you just never know these days.

      Check out locations in Singapore. This October they are dropping their VAT tax so it will be much cheaper to buy and store. Singapore has THE best financial institutions in the world when you look at their banks’ balance sheets.

      To learn more check out http://www.silvergoldinvesting.net

      I hope this helps.

  • Steve

    I have a related question on this… Both my wife and I have 401K’s. I’m almost 63, so if I withdrew all mine, I would only have to pay about 20-24% (which it was 13% like Romney!) income tax on the distribution and no 10% penalty due to my age. However, my wife is 45 and she would incur not only the tax but the 10% penalty. Question plain and simple: Should I sell all my oil and energy and gold mining stocks and take the tax hit and cash out and buy physical gold? Also, my wife can do a 401K loan for half of her balance with no penalty or tax hit. I can’t do the loan because my big money is in a private IRA with Scottrade and my current 401K isn’t totally vested yet.

    Also, what makes people think that gold stored in some foreign country somewhere is going to be safe? Also, here is another question – after the collapse, how does those in the know envision that we’ll be able to use our $5000/oz gold coins? For example, could be leave the country with them? I doubt it. How will we ‘spend’ them (gold and silver bars and coins).

    Thanks, Steve

  • Denise Wright

    People have found out the Canadian and Mexican airports will seize your gold. Some suggest using Perth Mint for storage.

  • http://yourfunds4life.info Joe Frisicano

    If it is going to require hiding your silver and gold from thieves and government, what good will it do to even have it. The Bible says there will come a day when a bag of gold won’t be able to buy a loaf of bread. Now what? My faith and trust is in Him who always provides, just like He did in providing manna in the wilderness. Praise God!

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