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

To: Taikun who wrote (31804)10/26/2004 12:30:34 AM
From: Lhn5  Read Replies (1) | Respond to of 39344
 
There you go again, thinking the whole world should exist simply to cater to the vagaries of Americans!!!

Just kidding, but I am not sure the founders of Goldmoney trying to figure out how they could market their product to the US...besides if they used Eagles their costs would be much higher.



To: Taikun who wrote (31804)10/26/2004 12:39:02 AM
From: LLCF  Read Replies (2) | Respond to of 39344
 
<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.>

But wouldn't holding anything long enough give you long term cap gains as opposed to regular income???

Interesting that there is a tax break for holding eagles though.

DAK


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