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To: Knighty Tin who wrote (16255)	11/18/2004 6:30:27 PM
From: ild	Read Replies (3) \| Respond to of 116555

KT, how did they manage to launch GLD at NAV? Where are the underwriter's commissions?

To: Knighty Tin who wrote (16255)	11/18/2004 10:23:24 PM
From: Taikun	Read Replies (4) \| Respond to of 116555

KT, The IRS is tough to figure out. Physical gold Paper gold at, say, Kitco Canada's CEF Australia's GOLD.AX selling grams of gold in a GoldMoney or eGold account and GLD are all taxed as collectible (ie max 28% rate) on liquidation Gold mining shares HUI, XAU options are not. Go figure, eh? People have taken cases just like these to the Supreme Court as money can be interpreted as only made by precious metal in the US Constitution. Remember, you don't have to file a tax return. <ggg> David