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.
Last edited by LazyInvestor on Thu Jan 21, 2016 1:51 pm, edited 1 time in total.
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.
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?
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
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!
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.
