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Message:: [QUOTE="Rono, post: 203513, member: 6492"]Howdy cloudsweeper, Good point - by all means do your homework.  I've actually gone to their website where they talk about their tax status.   Here's their prospectus: <a href="http://www.centralfund.com/prospectus/2006%20Prospectus/FINAL%20US%20PROSPECTUS%201%20DEC%2006.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.centralfund.com/prospectus/2006%20Prospectus/FINAL%20US%20PROSPECTUS%201%20DEC%2006.pdf" rel="nofollow">http://www.centralfund.com/prospectus/2006%20Prospectus/FINAL%20US%20PROSPECTUS%201%20DEC%2006.pdf</a> In my case, I avoid the hassle and only own Tocqueville Gold TGLDX (pretty decent precious metals mutual fund) in my taxable account.  All my other mutual funds, ETF's, individual mining stocks, etc., I own in tax deferred accounts.   I'm very pain sensitive when it comes to the IRS and even using turbo tax, things can get crazy in a heartbeat. And that's my main point, be very careful with anything you own in a taxable form, be it stocks, funds, ETF's, closed end funds, or even raw bullion.  The IRS says basically that any gain whatsoever you make on the sale of any kind of asset is taxable.   Question: I know that if my heirs receive stocks from my estate, they get them at a stepped up cost basis.  For example, if I bought Google at $100 and it's at $500 and I sell it, my Long Term cap gain is $400.  However, if I die and will it to the kids, their cost basis is $500 so they could sell it the day after I die and not have any tax burden. Does this same stepped up cost basis apply to a coin collection? thanks, rono[/QUOTE]

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