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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (21606)	11/10/2004 10:06:02 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

well, taxes will apply to any nominal profits, including stocks and commodity gains and gold as well. and if we're going to be realistic, we should not forget that it was illegal to own gold for part of the last century. in any case, my point is that cash was not so bad last century, at least not nearly as bad as the gold bugs like to make out. and the fact that it had a positive real yield had everything to do with that, unlike now. if i'm not mistaken, doesn't the US Govt. tax gold gains at full marginal rate ("collectors' items" or something)? btw, what is the taxation situation on the upcoming gold ETF? i think in Peter L. Berstein's book on the subject, he mentions gold was lent at 6% yields in Roman times. not a bad real yield.