Comment by observationist
2 days ago
I mean, asking for $500 in gold every paycheck would be kinda cool, or getting gold coinage each pay cycle on a rolling basis, as many coins as your repeated $500 contributions buy.
It'd be friction against spending, a little bit of investing, in the case of gold, but friction against spending with crypto only makes sense if you don't lose a lot on moving it into a real bank account.
You can do this, today, if you want, via an IRA or some 401(k)s.
Yeah but my 401(k) tax statement paperwork doesn't make me feel like a pirate.
If you want actual physical custody of gold you'll be paying a lot more than the alleged spot price; what you buy on the metals market is a certificate against gold held by a clearinghouse (which certificates are significantly oversold relative to their reserves, a topic goldbugs will do anything to avoid talking about).
1 reply →
> Yeah but my 401(k) tax statement paperwork doesn't make me feel like a pirate.
solo 401(k) is for you