I'm not sure how the tax authorities would view them. They are similar in that they are a share in underlying gold but GLD is an open ended fund whereas PHYS is a closed end fund. This could make them non-like types.

Thanks Ad Orientem. Casey Research has also looked at this and supports the less hysterical interpretation: http://www.caseyresearch.com/articles/a ... -need-know

This might help http://solari.com/articles/Tax_Issues_r ... s_Holdings has good coverage of various swaps, specifically in exchange for physical but good coverage of the legals

Sorry about the delay, been very busy and many forums to keep track on. There is a $50,000 minimum for overseas clients opening a Depository Program account (that is the one without a certificate), details here http://www.perthmint.com.au/pmdp-new-product-information-statement.aspx If you don't have...

Do either of you have opinions as to how US investors could best use the Perth Mint to diversify their gold holdings? 50% of Perth Mint Depository clients are Americans. Many of those also hold metal in other locations and I think this is a good idea - if you have enough wealth that international d...

Hi Guys. Thanks for the positive comments, the Depository staff do try to make it easy and efficient as possible. "I think I read somewhere in the Perth material packet that the gold you purchase is not available for export beyond Australian borders." Not so. There are no import/export res...