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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (145)	1/17/2001 3:34:39 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8273

<it will be interesting to see how legislation treats them, in the areas of tax law especially ...> Well here in Canada gold currencies (like gold bullion) has no sales tax. The same is true in most US states I believe. As far as income tax is concerned, gains can be taxed as revenus or capital gains depending on your business, prsonal situation and time frame. As far as other regulations are concerned... there is nothing very specific. <i was intrigued by the e-gold idea but didn't know the people, didn't know how to check them out, didn't spend much time on it either, to be fair ...> Well e-gold will be joined by GoldMoney in a week or two. And there is also Standard Gold which is a derivative of e-gold. e-gold has been around for 4 years and is just starting to grow rapidly. According to their statistics, more than 300,000 AUG (grams of gold) change hands each day. I opened my first account with them in early 1999 and it is among the first 5000 accounts opened at e-gold. They now have near 150,000 accounts and adding 400-500 per day. GoldMoney is the baby of James Turk, a very well know person in world gold market. They will also have an excellent product. There will be much more info avail on goldcurrencies.ca in a few weeks < you i know so on the credibility issue you would have a head start.> Thanks.