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<p>[QUOTE=&quot;Rono, post: 1113823, member: 6492&quot;]Howdy,</p><p>&nbsp;</p><p>Here&#039;s the tax scoop on CEF.&nbsp; </p><p>&nbsp;</p><p><a href="http://www.centralfund.com/pfic/PFIC2010.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.centralfund.com/pfic/PFIC2010.pdf" rel="nofollow">http://www.centralfund.com/pfic/PFIC2010.pdf</a></p><p>&nbsp;</p><p>Is it a good way to own bullion?&nbsp; It&#039;s better than the bullion ETF&#039;s like GLD and SLV.&nbsp; Are there issues with the tax status? Sure, but nothing TurboTax can&#039;t handle.</p><p>&nbsp;</p><p>That said, I think that bullion is best if held in hand.&nbsp; Buy it, take possession, and store it safely.</p><p>&nbsp;</p><p>I own CEF in a deferred account and Tocqueville TGLDX in a taxable account.&nbsp; It&#039;s mostly mining stocks but does have a little bullion and is taxed as other mutual funds.&nbsp;&nbsp; It&#039;s been pretty tax efficient for the years that I&#039;ve owned it.</p><p>&nbsp;</p><p>There are those that swear by holding gold in their IRAs.&nbsp; Pat Heller of Liberty Coins (local dealer and Numismatic News contributor) is one of them.&nbsp; However, he&#039;s a huge gold bug and that may influence him.&nbsp; I disagree.&nbsp; </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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