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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (31794)10/25/2004 8:39:31 PM
From: Claude Cormier  Respond to of 39344
 
<So GoldMoney is fine until you want to use it? >

Could be. As I told you.. I intend to explore all legal issues when the times comes I want to use my gold. I was told by a lawyer I consulted with that it is a very tricky issue.

<Well, we need to be mindful of the Jersey-US SEC MOU.>

I will have more on this.

<I still think GoldMoney is one part of a plan.>

Same here... Who knows I might move to another part of the world.



To: Taikun who wrote (31794)10/25/2004 9:38:36 PM
From: LLCF  Read Replies (1) | Respond to 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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