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<p>[QUOTE="Rono, post: 202949, member: 6492"]Howdy,</p><p> </p><p>Concur with cloudsleeper. I wouldn't trust too many folks with my bullion.</p><p> </p><p>With smaller amounts, you can buy it and store it yourself. Cripes, $25K worth of gold could fit in most water glasses. Silver's a little more space intensive, but a 100 oz bar is what, 3x4x0.5? Ergo, for reasonable amounts, you could stash them any number of places in your house. If not your house, your local safety deposit box.</p><p> </p><p>Otherwise, I'd go with either one of the bullion Exchange Traded Funds like SLV (silver) or IAU or GLD for gold. These you can purchase via any online brokerage and have a solid paper trail. These are ETF's so they trade like stocks. You can also buy the closed end fund called Central Fund of Canada CEF which owns bullion in 60/40 gold/silver split. Unlike the ETF's which are considered collectibles by the IRS and gains taxed at 28%, CEF is a mutual fund and has never been singled out by the IRS for special treatment - ergo, it's still taxed at 15% long term cap gains and short term at your marginal tax rate. </p><p> </p><p>There are also several mutual funds which hold some bullion, but they're rare and the amount they hold is not a lot.</p><p> </p><p>Just some thoughts,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 202949, member: 6492"]Howdy, Concur with cloudsleeper. I wouldn't trust too many folks with my bullion. With smaller amounts, you can buy it and store it yourself. Cripes, $25K worth of gold could fit in most water glasses. Silver's a little more space intensive, but a 100 oz bar is what, 3x4x0.5? Ergo, for reasonable amounts, you could stash them any number of places in your house. If not your house, your local safety deposit box. Otherwise, I'd go with either one of the bullion Exchange Traded Funds like SLV (silver) or IAU or GLD for gold. These you can purchase via any online brokerage and have a solid paper trail. These are ETF's so they trade like stocks. You can also buy the closed end fund called Central Fund of Canada CEF which owns bullion in 60/40 gold/silver split. Unlike the ETF's which are considered collectibles by the IRS and gains taxed at 28%, CEF is a mutual fund and has never been singled out by the IRS for special treatment - ergo, it's still taxed at 15% long term cap gains and short term at your marginal tax rate. There are also several mutual funds which hold some bullion, but they're rare and the amount they hold is not a lot. Just some thoughts, rono[/QUOTE]
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