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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (7274)	2/5/1998 8:22:00 AM
From: Michael	Read Replies (1) \| Respond to of 116836

* Off Topic * Can anyone enlighten me about CAnadian capital gains tax for non resident foreigners. For example in The US, gains held for more than a year are non taxable, but under a year are taxed at 30%. I am told that if I trade Canadian shares through a US brokerage then I will not be liable for Canadian tax, does anyone know if thats correct. What about if Itrade directly in Canada, Apologies for disrupting the flow of the thread, but the shares I want to trade are Gold ones and I imagine there are more in my position out there. TIA Michael

To: Mark Bartlett who wrote (7274)	2/5/1998 8:59:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 116836

MB--You are joking, right? Where do you think the supply has been coming from to keep pace with the demand the past few years? 739 million oz. were consumed last year, while 570 million oz. were produced, so where did the difference come from? Scrap, including coins. This is what Buffett saw, a physical supply problem. And that is why we have what is called a "backwardation" in silver right now--ie- spot higher than futures. This is because those that have sold short must buy the physical, because Buffett wants delivery of the metal. Let me say it again--he wants delivery, now!!! This is not some jack-off futures play that can be manipulated away by the CFTC. No paper play this time. There will be a lot of firms hurt badly by this, and they deserve it. They are most likely very sick about now. Call it leverage in reverse! And, obviously, gold and silver up sharp at the open this am. Maybe people are starting to think this metals thing can hunt.