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How to Invest Gold In Your Pension Plan

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Today’s AM fix was USD 1,283.75, EUR 957.81 and GBP 801.54 per ounce.             
Friday’s AM fix was USD 1,309.00, EUR 975.12 and GBP 814.16 per ounce.

Gold dropped $19.30 or 1.48% Friday, closing at $1,287.40/oz. Silver slipped $0.15 or 0.69% closing at $21.45. Platinum dipped $9.26 or 0.6% to $1,439.49/oz, while palladium fell $3.25 or 0.4% to $755.47/oz. Gold and silver fell 2.08% and 1.79% for the week respectively.

Gold dropped for its third day in a row after the U.S. non farm payrolls data on Friday showed that more jobs were added than expected, which increased speculation that the U.S. Fed will begin to taper its stimulus program. Friday's rallying of U.S. equities and an elevated  U.S. dollar sent gold to a three week low. The next U.S. Fed meeting is December 17 & 18th.

How to Invest Gold In Your Pension Plan - Part 1
When the time arrives for you to retire, how will your pension fund reward you?  For many people, the entire process is entrusted to a pension broker or pensions company to manage on their behalf, with yearly statements to appraise of your pensions’ performance. Most of these funds are heavily weighted towards equities and property funds and as such, are not adequately diversified.

Gold is one such diversification opportunity to consider and despite the recent price retrenchment, has outperformed the both Irish bank deposit rates and the ISEQ (Irish stock exchange) over the past 10 years (see figure 1 below.) The analysis below examines the performance of constant monthly investment over ten years, net of fees and adjusted for inflation.


Figure1: How a constant monthly investment compares in value from November 2003 to October 2013. ©GoldCore

Irish citizens can invest in gold bullion in their pension funds since 2007 when the Irish Revenue Commissioners approved investments in gold in Self-Administered Pension Schemes via the Perth Mint Certificate Programme.

The approval came after an extensive review which included consultation with the Association of Pensioneer Trustees in Ireland (APTI), senior executives of the Perth Mint of Western Australia and GoldCore Limited.

Many investors are increasingly looking for an effective way to manage the macroeconomic, monetary and geopolitical risks in their retirement portfolios. By diversifying into gold in your pension, you can mitigate some of these risks.

Gold has outperformed most asset classes over the past ten years due to uncertainty regarding the global economy and in the mainstream asset classes such as equities, bonds and property.

Click here for our guide to Putting Gold In Your Pension Plan in Ireland.

Tomorrow, we will cover Putting Gold In your Pension Plan in the UK, and on Wednesday, the USA.

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Mon, 11/11/2013 - 22:11 | 4144471 Burticus
Burticus's picture

Perth Mint "certificates."  You mean PAPER, not gold?

If you're stuck in an employer-sponsored 401(K), where you cannot withdraw without terminating, consider shares like CEF or PSLV backed by audited physical bullion in vaults outside the United State_ managed by Honest Injuns. 

There is also a possibility that the gubbermint might force conversion into the "safety" of treasury bonds, to pertect uth from ourthelveth for our own thafety...for the children.

Even physical possession IRAs store their bullion with vaults that might not prove trustworthy.  Many argue that if you don't have it in your own possession, you don't own it, especially if there is a panic scramble for real bars.  Now, with prices depressed, it might be a good time to pay the tax and penalty to get your bullion in your hand (gun safe).

Mon, 11/11/2013 - 21:12 | 4144238 Fishhawk
Fishhawk's picture

@Haager:  Gold can get a lot cheaper, if you mean the price of gold in dollars, as the Forex "market" trades approximately the full year global gold production every day.  If you look at the COMEX numbers cited in the article mentioned by Sufiy, and consider the 60 to 1 leverage being used in gold futures contracts, you can clearly see that the POG is controlled by endless selling of paper gold, and the resulting price has nothing to do with the actual market for physical gold.  As money printing continues, more speculators will have to sell their gold futures contracts, driving the price down further.  Ridiculous, but true.  Ignore the 'price of gold' quoted in dollars, and look at the gold price measured in oil, beef, or cars...

Mon, 11/11/2013 - 19:14 | 4143949 Kina
Kina's picture

Perth Mint Certificate Programme

 

Have had a decent look into this, also been to Bron's web site to read what he writes about the Perth Mint (he works there as well..so..)..and also the Western Australian state government's guarantee of the Perth Mint...

 

The thing that worries me with regard to even the best of certificate/paper gold ... is the term force majeur event.... which seems to be a get out of jail card... if it can withstand the inevitable class action suit against them or the WA govt, in the Aust Supreme Court.. which is probably where it would end up if they tried that sort of thing.

 

And so far Australian courts have been faithful to the rule of law...and not politics, corporations....

 

Wonder if Bron is about..... is there an audit of the Perth Mint gold, silver holdings...against allocated and unallocated...and evidence of any leasing lending doubling, tripling up .. etc.. ?

 

I think a lot of people believe they can trust the credentials of the Perth Mint.... but you just know when politicians get involved any sort of corruption can take place.

 

(I do have some Perth Mint Certificates myself)

Mon, 11/11/2013 - 17:27 | 4143650 World of Debt
World of Debt's picture

Don't worry; just follow JIM CRAMER'S TERRIBLE STOCK PICKS--MUST SEE!! SEE THE VIDEO BELOW--HILARIOUS!!

https://www.youtube.com/watch?v=Lhwplunz7-I

Mon, 11/11/2013 - 17:35 | 4143674 fijisailor
fijisailor's picture

Give it a rest dude.  How many times ya gonna post this?

Mon, 11/11/2013 - 16:39 | 4143521 bagehot99
bagehot99's picture

I love the gold funds granting 'title' to gold. Which is unidentifiable, and therefore rehypothecatable ad infinitum. 

 

Mon, 11/11/2013 - 16:02 | 4143405 fijisailor
fijisailor's picture

Yea so put money in a gold paper ETF that investors are bailing out of because they see the writing on the wall.  If it isn't physical you don't own it.

Mon, 11/11/2013 - 15:50 | 4143364 Haager
Haager's picture

I get it. Gold will get another hit this week. 1260 again? Nice, Dollar gets weaker and gold gets cheaper. How much more mad can it be (my guess: a lot...)

Mon, 11/11/2013 - 16:10 | 4143429 fijisailor
fijisailor's picture

BTFD ;)

Mon, 11/11/2013 - 17:28 | 4143653 Squid-puppets a...
Squid-puppets a-go-go's picture

you can do a 'self managed super fund' in australia that enables you to buy physical

Mon, 11/11/2013 - 17:38 | 4143688 fijisailor
fijisailor's picture

And where does this physical reside?

Mon, 11/11/2013 - 18:21 | 4143793 Zero Point
Zero Point's picture

Yeah, it's a pain in the ass. Basically allocated storage, or I think you can set up a safety deposit box, but I didn't go that way so I'm not too sure.

Short answer is you ain't allowed to touch it without some stooge holding your hand.

Tue, 11/12/2013 - 04:39 | 4145214 Squid-puppets a...
Squid-puppets a-go-go's picture

safety box service needs a 'stooge' to turn the key at the same time, but then they disappear and allow you to give/take contents of your box in private.

They have no idea whether you have left your phyzzy in the safe or not. which facilitates boating accidents.

Tue, 11/12/2013 - 05:47 | 4145253 Zero Point
Zero Point's picture

I actually did think about that, but my accountant said there's all kinds of red tape there to ensure you can't "steal" "your" gold.

If you've done it, I sure would be interested to hear otherwise, because I sort of just shrugged and thought it figured.

I'd be walkiong out of the bank clanking, and going for a boat ride in a heartbeat.

To be honest I've just kind of written that money off. And it ain't peanuts either.

Mon, 11/11/2013 - 15:06 | 4143221 Gringo Viejo
Gringo Viejo's picture

Place it in a "pension plan"? Why? So the government can steal it? Get real!

Mon, 11/11/2013 - 14:50 | 4143177 0b1knob
0b1knob's picture

GTU Central Gold Trust.    Holds bullion and gold certificates.   A Canadian company.   Currently trades at a -4% discount to NAV.   Organized as a mutual fund. From its web site:

" GoldTrust is advised that its Units, listed on the NYSE MKT, are qualified for investment by United States Trusts and statute regulated accounts such as IRAs."

Mon, 11/11/2013 - 16:56 | 4143562 RaceToTheBottom
RaceToTheBottom's picture

Also have CEF, roughly half gold and half silver.  Real auditing and non Wall Street ethics

Mon, 11/11/2013 - 14:47 | 4143166 Sufiy
Sufiy's picture


COMEX Gold Claims Per Deliverable Ounce Rises To Record High 60.38 


Jesse reports about another escalation in the Scam Of The Century - ongoing Game Of Music Chairs in the Fractional Gold Reserve System. It will definitely become the one of the most important events in the Gold market history, there are rumours about impending explosion of the one of the LBMA members, but we even do not need them to materialise. Just check the numbers in the record breaking deliveries of Gold to Asian countries this year. http://sufiy.blogspot.co.uk/2013/11/comex-gold-claims-per-deliverable-ou...

Mon, 11/11/2013 - 22:16 | 4144486 DirkDiggler11
DirkDiggler11's picture

Snuffy:
I am a stacker, and you are managing to even piss me off posting the same freaking link across what, 12 threads or so ?

Also, fuck rumors, How about facts ? Any asshole with a keyboard can speculate or post "rumors". I fully believe in PM's as a means of wealth preservation and as a store of wealth, but the King World News type of BS about the Comex or LBMA blowing up any second is frankly old and tired. When it does finally happen, it will be news to you and me both.

Stack'em high, and I apologize in advance for being so damn negative.

Mon, 11/11/2013 - 14:09 | 4143064 new game
new game's picture

if you don't have it you don't have it. pension gold is not a good idea-try again.

better yet get your money thru the gub hoop and buy physical gold and go boating...

Mon, 11/11/2013 - 17:59 | 4143728 Hobbleknee
Hobbleknee's picture

Exactly.  Why would anyone buy gold in a government scheme, when you can simply buy gold?

Mon, 11/11/2013 - 20:33 | 4144143 conork
conork's picture

I guess at some point it will need to be converted back to fiat if you want to buy land/property

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