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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (63837)2/28/2009 10:53:11 AM
From: Claude Cormier2 Recommendations  Read Replies (1) | Respond to of 78412
 
Indeed that would be diabolical. But I doubt they would do this. I don't think the goverment care that much about gold as they know it would not have significant long term inpact.

GLD total ounces is less than 3% of what the central bank owns and less than 0.6% id all the gold in the world. Many countries would gladly buy that gold at a discount. So, even this diabolical event, would only be a small blib on gold long term march upward.



To: Amark$p who wrote (63837)3/1/2009 2:47:55 AM
From: benwood1 Recommendation  Respond to of 78412
 
I think they'll do plenty, most of it harmful. But to have a tax law apply to a single ETF? No way, I say.



To: Amark$p who wrote (63837)3/2/2009 3:59:27 PM
From: Jim McMannis  Read Replies (1) | Respond to of 78412
 
Is GLD taxed at 28% or 20% LT cap gains.


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