Andy Hoffman and David Morgan from Silver-Investor.com spoke to the SGT Report about the false mockingbird media supply/demand narrative and much, much more.
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Andy, I always enjoy your interviews. I have a question regarding the miners. I have the balance if my 401k (the portion i cant withdraw) mostly in a fidelity gold fund that is heavily weighted in miners. What do you think would be a better option if any? A bond fund made up of TIPS? Money market? Energy related fund? My goal is the preserve if that’s even possible with what’s to come.
Thanks
Paul
Paul,
I, too, owned that fund in the past. However, I now have ZERO faith in miners as a means of protecting one’s self (although who knows, maybe they’ll one day rise). For 401ks, there aren’t any other options that I personally would be interested in, as I have nearly 100% of my liquid net worth in physical. Unfortunately, it’s nearly impossible to withdraw a 401k if you remain at your company.
As for bonds funds – No! And TIPS are the biggest scan around – paying a NEGATIVE yield if you can believe. Money markets pay ZERO and can be confiscated, and energy funds are economically sensitive. Thus, you must think long and hard of what’s “safest” among those choices.
A
Thanks. I guess I have no real choice but to let it ride!