club_cafe: Re: Buying Gold

iras1 on

Remember gold etfs do not get favorable capital gains treatment. Long term capital gains are taxed as collectibles -- 28% (less if you are in a lower tax bracket).

Ira Smilovitz

In a message dated 12/15/2004 3:59:31 P.M. Eastern Standard Time, samcvic@bivio.com writes:

Wayne (03)Edwards wrote:
> Our club is exploring possibility of buying gold in order to
> balance our portfolio. Here's a question that came up in
> our meeting that I need some feedback on.
> If the club owns say 10lbs of gold(coins or bar) and a
> member wants to withdraw. The member requests to have some
> of their payout in gold. How can that be equally and fairly
> distributed?
> Hmmmmmmmm.

You could always buy gold etf. It trades like a stock with
the benefits of gold
http://finance.yahoo.com/q?s=GLD&d=t

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