Gyroscopic Investing

Desert wrote: What about physical gold?  I know I'm off topic, but I really think that when gold is needed most, we won't want to be looking at it on a screen, we'll want it in our possession.

Sure, but you're right that it's off topic in this thread. 

Mine converted fine too. I guess I have to also rationally check their prospectus and the trust rather than selling it just because I'm pissed off with the conversion.

Did anyone have to pay some brokerage fees for the conversion?  Is your cost basis adjusted correctly?  I haven't checked mine yet

No conversion fees. Partial share was sold to round down the number of shares (0.2 share in my case) and cash was deposited. Cost basis looks fine.

I'll bet that the ones that haven't converted yet are held in Vanguard. They are dreadfully slow.

Showed up in Vanguard Jan 20. Well, I guess it showed up today (21st), but in transaction history, the Corp Action is 1/20.

Just got rid of all my PHYS!

Why? PHYS has been performing just as well as GLD, or IAU. Why get rid of it?

Picked up some CEF to tax loss harvest the PHYS.  At around 5% discount, I'm ready for a takeover now!  I know it isn't pure PP, but I'm only planning to hold for a month (although I'll see how I feel in a month).  Hopefully this is kosher with wash sale rules, as I suppose the gold component could be considered equivalent, but they are certainly very different securities given all the other differences in management, etc.

Reub wrote: Why? PHYS has been performing just as well as GLD, or IAU. Why get rid of it?

The reason I got rid of my GTU as soon as it was taken over by Sprott is that I don't want to do business with people who use such tactics as Sprott uses. Performance is secondary to that.

I would have sold my PHYS also but it's been up so much recently that I don't want to incur the taxes.

Reub wrote: I would have sold my PHYS also but it's been up so much recently that I don't want to incur the taxes.

Yes I do but I had a gain because I tax loss harvested out of IAU not that long ago and into GTU, which became PHYS.

Earlier, I sold some phys and picked up CEF for tax loss harvesting. I've had it more than a month, but held on because it was performing fine and had a decent discount to NAV. Recently, the discount has closed by a few percent (still no premium). Should I just switch back? During brexit, it lagged gold a bit but seemed to do its job fine

dragoncar wrote:Earlier, I sold some phys and picked up CEF for tax loss harvesting. I've had it more than a month, but held on because it was performing fine and had a decent discount to NAV. Recently, the discount has closed by a few percent (still no premium). Should I just switch back? During brexit, it lagged gold a bit but seemed to do its job fine

I like CEF, partly because it has silver, and partly because its tax treatment is supposed to be the same as normal capital gains, not the "collectibles" rate.

Libertarian666 wrote:I like CEF, partly because it has silver, and partly because its tax treatment is supposed to be the same as normal capital gains, not the "collectibles" rate.

Does that mean you can get the 0% capital gains rate if you're in the right bracket instead of your income tax rate?

yes, its the same deal as GTU was

although I only have it in tax-deferred right now (but that saves me from having to file that stupid form I hate)

MachineGhost wrote:

Libertarian666 wrote:I like CEF, partly because it has silver, and partly because its tax treatment is supposed to be the same as normal capital gains, not the "collectibles" rate.

Does that mean you can get the 0% capital gains rate if you're in the right bracket instead of your income tax rate?

Yes, that is my understanding, as long as you file the correct 8621 forms every year.