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Best Precious Metals Ira

October 02, 2010 By: Spencer Category: Gold IRA

Where’s the best place to roll my Roth IRA over to?

I currently have a Roth IRA with State Farm. Due to impending inflation, and my loss of confidence in the dollar, I would like to move some of my investments to precious metals and foreign currency investments. However, State Farm is pretty limited with their investment options, so I’m looking for the best place to roll my IRA over to which would offer a more diverse and easily customizable portfolio. Vanguard is one that I have been reading a lot of positive things about.

Any suggestions or personal experiences are appreciated.

I use Vanguard and am very happy with them – via an account with Vanguard they offer you access to all mutual funds, ETFs, stocks, etc not just Vanguard funds. They also have the lowest fees in the industry. You could also check out Fidelity – they are also good.

Commodties you could buy in a IRA via Vanguard include
- PowerShares has a sugar, corn, soybean, and wheat ETF (DBA).
- iShares Silver Trust (SLV) and streetTRACKS Gold Shares (GLD). They track the spot prices of silver and gold.
- PHAG follows the silver spot price, while SLVR tracks the price of silver futures traded on the Commercial Exchange in New York (COMEX)
- ETF Securities has a platinum ETF (PHPT),
- Precious Metals Basket (PHPM), which invests in both platinum and palladium, as well as gold and silver.
- United States Oil (USO) seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil.

For foreign currency – I would suggest investing in the stock market of the nation’s currency you are interested in. If a currency is doing better than the $, then that nation’s stock market should also rise.

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