Hungary, 1919.
-----------------------------------------------
Dennis A. Adelson
Attorney
Procurement & Appropriations Section
Mgmt. & Admin. Legal Services Division
Office of the Solicitor
US Department of Labor
Tel: 202-693-5719; Fax: 202-693-5538
Email: adelson.dennis@dol.gov
From: TSP_Strategy@yahoogroups.com [mailto:TSP_Strategy@yahoogroups.com]
Sent: Monday, October 19, 2015 11:52 AM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] Re: gold
Unlike most here, I am a believer in holding physical gold and silver. In today's world of out of control spending and debt, having a percentage of my savings in something solid, off the grid, with no counter party risk, is a very prudent investment. Every ounce of gold and silver I've acquired since 1999 is still an ounce today. And will continue to be an ounce that has value in any country on earth. I can think of numerous examples of company shares that have become worthless since I bought my first ounce in 1999. Any investment in paper shares of gold (think GLD) have the same risk as investments in the market. I don't believe there is a market more manipulated and controlled than the paper silver and gold market. If you don't hold it, you don't own it.
All that being said, I would not reduce my TSP investments to redirect funds into gold through a broker. How about saving a little each pay period and investing in an ounce of gold every few months. Gold in hand is a more secure savings account than money in the bank. And it doesn't come with monthly expenses or the threat of a buy-in, ah-la Cyprus.
Gold is more than an investment, its insurance or a hedge in unstable economic times. I cannot think of a time where things were more unsure/unstable?
IMHO
Posted by: "Adelson, Dennis - SOL" <Adelson.Dennis@dol.gov>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (9) |
Belum ada komentar untuk "RE: [TSP_Strategy] Re: gold"
Post a Comment