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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78299  
Subject: Re: gold and rare coins Date: 6/19/1997 2:14 PM
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<<It is my understanding that Clinton will sign a bill in July permitting IRA and other retirement money to be invested in bullion and rare gold coins. Does anyone think this is a Foolish investment (whether this be done inside or outside a retirement fund)? The theory goes like this: the gold and coin market is finite; if only a small portion of this finite market gets gobbled up starting July, prices should go up. Sounds easy, but what do you think?>>

I believe this is the third folder in which you left this post. It was answered rather well in the Fools and Their Money folder as I recall. In any event, to paraphrase what TMF Taxes and others said, the long term prospects of bullion and coins (to speak in the venacular) suck. And the prospects of any change in IRA law regarding these investments is slim to none, with the emphasis on the latter.

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