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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Taikun who wrote (31794)10/25/2004 9:38:36 PM
From: LLCF  Read Replies (1) of 39344
 
<So GoldMoney is fine until you want to use it? When you use it you are in effect liquidating the gold which is backing the transaction and exchanging gold for paper currency.>

It's like holding a foreign currency account at Citi-bank or some other institution... you certainly pay taxes on gains whether it's interest OR capital gains. This shouldn't be a shock.

DAK
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