FBAR requirements and gold ETFs?

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

Post Reply
longeyes
Senior Member
Senior Member
Posts: 123
Joined: Mon Aug 16, 2010 3:15 pm

FBAR requirements and gold ETFs?

Post by longeyes »

Anyone know whether we are required to file an FBAR form (deadline is 30 June) if we own shares in an ETF holding its gold outside the U.S.?  Thanks.
Wonk
Executive Member
Executive Member
Posts: 476
Joined: Wed May 12, 2010 8:00 am

Re: FBAR requirements and gold ETFs?

Post by Wonk »

Speak to your accountant.  I just filed for unallocated held by Perth Mint.  It can be argued either way, but I decided it wasn't worth the hassle to take the risk.
longeyes
Senior Member
Senior Member
Posts: 123
Joined: Mon Aug 16, 2010 3:15 pm

Re: FBAR requirements and gold ETFs?

Post by longeyes »

Wonk, thanks.  I can't be the the only one, besides you, who might have a question about this... 
User avatar
MediumTex
Administrator
Administrator
Posts: 9096
Joined: Sun Apr 25, 2010 11:47 pm
Contact:

Re: FBAR requirements and gold ETFs?

Post by MediumTex »

I would help if I could, I just don't have any exposure to this situation or knowledge about it.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
User avatar
AdamA
Executive Member
Executive Member
Posts: 2336
Joined: Sun Jan 23, 2011 8:49 pm

Re: FBAR requirements and gold ETFs?

Post by AdamA »

longeyes wrote: Wonk, thanks.  I can't be the the only one, besides you, who might have a question about this... 
I emailed my accountant about it regarding GTU.  She might know. 
"All men's miseries derive from not being able to sit in a quiet room alone."

Pascal
longeyes
Senior Member
Senior Member
Posts: 123
Joined: Mon Aug 16, 2010 3:15 pm

Re: FBAR requirements and gold ETFs?

Post by longeyes »

So, in plain English, any ETF with gold held abroad requires an FBAR?  This would affect IAU, SGOL, AGOL, GLD, et al., all of which have deposits, whole or in part, outside the U.S.  I'm holding SGOL in a Fidelity IRA account and have received no info about this to date from Fidelity.
Post Reply