Storing gold overseas and your IRA

Lately I have become a devotee of Sovereign Man, a website that is basically a blog by someone who travels all over the world finding the best ways to make and protect wealth.

Here are two links that are worth checking out. The first is a free pdf about storing and transporting gold overseas. Here it is:

http://www.sovereignman.com/Move%20and%20store%20gold%20overseas.pdf

The second is a recommendation to move your IRA into a self-directed IRA and then to invest the funds in certain kinds of assets. Here it is:

http://www.sovereignman.com/finance/the-most-informative-23-minutes-of-2009/

Enjoy. While you’re there, feel free to sign up for the free email report. It’s almost always worth reading.

As far as the recent action in gold is concerned, no change on the outlook. We may get to $1005 or maybe higher, but on or before Sep 10, that’s Thursday, you may want to sell a bit and adjust stops. Then it’s wait and see until early October.

Yes, it’s possible gold will move higher than $1033, the all-time high from March 2008. It may not do it this time but soon. If it does, that could be the top of the B leg in an extended flat correction. So it still remains the case that we have to be cautious. The C leg down, if it happens, will likely go below the last low in October last year ($680).

Another scenario is gold could settle down to the break-out point at $960. Then resume its bullish trajectory. It could also go no lower than $800 and resume its bull move. One way to play this is to see if gold gets below $800, and if it does, look out below. The C leg may not end until early-mid next year.

We simply have to see how things play out.

This entry was posted on 05/09/2009 at 04:23 pm and is filed under Gold. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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