Forget about hedging inside your 401k and IRA against inflation. Sooner than you think, you will not be allowed to own gold ETF's, gold mining stocks or gold related mutual funds in your 401k or IRA.
There is under the radar plotting by Treasury to force IRA and 401k money into Treasury securities. They still don't have all the kinks worked out on how they will sell the deal to the public, so now, the links to the stories reporting on the Treasury plans, by Rick Santelli at CNBC, BusinessWeek, and MSNBC, are disappearing.
Karen DeCoster reports:
I’ve been covering the topic of government-mandated 401Ks since the fall of 2008, and I even noted that I detected the unmistakable whiff of confiscation in the air. Writers and bloggers all ’round the ‘Net denied that point. To revisit this issue, let’s
take a look at a post from last month by Karl Denninger at Market Ticker titled, “401k/IRA Screw Job Coming?” Karl notes a bit that appeared on CNBC where Rick Santelli was discussing the potential to “effectively force money into the Treasury market.” He links to this quote from Businessweek:
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