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

To: LLCF who wrote (31801)	10/26/2004 12:27:22 AM
From: Taikun	Read Replies (2) \| Respond to of 39344

DAK, <It's like holding a foreign currency account> Exactly. That's the question I had about GoldMoney. If GoldMoney held Eagles the tax rate would be lower than the London bullion, which is considered a capital asset by the IRS, and taxed at a higher rate. You are right about foreign currencies but you do not have to have the same tax exposure as investing in a foreign currency when you invest in gold if it is Eagles. GoldMoney, and other vehicles, expose you to the additional 'foreign' element. David