Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Showed up in Vanguard Jan 20. Well, I guess it showed up today (21st), but in transaction history, the Corp Action is 1/20.
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Just got rid of all my PHYS!
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Why? PHYS has been performing just as well as GLD, or IAU. Why get rid of it?
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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.
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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.Reub wrote: Why? PHYS has been performing just as well as GLD, or IAU. Why get rid of it?
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
I would have sold my PHYS also but it's been up so much recently that I don't want to incur the taxes.
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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.
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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.
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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.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
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Does that mean you can get the 0% capital gains rate if you're in the right bracket instead of your income tax 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.
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
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)
although I only have it in tax-deferred right now (but that saves me from having to file that stupid form I hate)
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Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Yes, that is my understanding, as long as you file the correct 8621 forms every year.MachineGhost wrote:Does that mean you can get the 0% capital gains rate if you're in the right bracket instead of your income tax 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.