Pm Etf's? Opinions? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 1,021
ICanSeeYou7687 Valued Member United States 362 Posts	Posted 08/09/2011 6:19 pm I have been hearing a lot recently about the issues with owning through paper, and not physical metals. I bought about half an ounce worth of GLD a while back at 133$ a share, and this has increased to about 167$ a share, a good little profit. But after everything everyone has been saying about paper PM's, I'm thinking about selling them. While I would love peoples suggestions in what to do, I would also love to here peoples opinions on the future of ETF's and such Report this Post to the Staff

GoThunder Pillar of the Community United States 830 Posts	Posted 08/09/2011 6:54 pm Here's my opinion, from another thread: https://goccf.com/t/95153#793420 Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 08/09/2011 7:47 pm Thunder has good luck with them and after hearing what he had to say I would put money in them. At least you don't have to pay a 13% vig like you do on ebay. I would talk to Thunder about which ones he was in before I invested. Report this Post to the Staff
ICanSeeYou7687 Valued Member United States 362 Posts	Posted 08/09/2011 7:59 pm Well I guess there are several ways to go. But I do believe the GLD ETF is sill considered a collectible, and the us government takes 28% of your gains Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 08/09/2011 9:40 pm Quote: Well I guess there are several ways to go. But I do believe the GLD ETF is sill considered a collectible, and the us government takes 28% of your gains You bring up a good point, but the IRS didn't do a tax code just for GLD, as I understand it its for capital gains on any bullion or coin sales. But I mainly hold GLD in a Roth IRA which has no capital gains at all. I think some have a general distrust of the whole securities system, I know my Mom did. When my dad started investing in the stock market in the 70's, mom was always saying he was going to lose all his money in stocks. I mean after all all he had to show for his cash was a stock certificate with the # of shares printed on it...just a piece of paper (they used to actually give you those). He left mom very comfortable when he died with his profits. If anyone wants to take delivery of the gold in GLD all they have to do it log on to their broker's website and click the sell button, then after a few days to clear the funds send a check to your favorite bullion dealer for the physical stuff. I mean people don't buy Apple stock and expect to be able to take delivery of ipads at any time do they? Edited by GoThunder 08/09/2011 9:56 pm Report this Post to the Staff
	Replies: 4 / Views: 1,021

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.