This blog is mostly about making money. We should all know how it works around here by now, I try out as many products and ideas as I can and then I try to honestly put them into words to let you guys know if they work or not.
But I sometimes write about other methods that might be able to make you money, methods that are seen as something of a long-term way of making money, like 401k gold investing.
My dad buys gold from family members and friends, it has become a long running joke in the family because he does it like he is a don boss making a dodgy business deal (he even smokes a cigar and wears a dressing gown with his name stitched on it while doing it).
Up until a couple of years ago people would deposit money into their 401K accounts (other here in the UK it is more commonly known as an Investment Retirement Account), but now that money is so unstable people have started turning to other sources. My dad has started investing with gold.
gold IRA accounts are a great idea because things like war, inflation and bank collapses have a massive detrimental effect on money, whereas they do not have the same kind of impact on gold or indeed other precious metals.
This is not a quick way to earn money, and there may actually be a small gold IRA transfer charge to remove your funds, this is the kind of thing you should be looking to take advantage of for your retirement so it is very much a long-term project.