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<p>[QUOTE=&quot;Rono, post: 640591, member: 6492&quot;]Hi Cloudsweeper,</p><p>&nbsp;</p><p>Good point, but they really try to make it easy.</p><p>&nbsp;</p><p>Granted they are a PFIC.&nbsp; However, note the link from their homepage.&nbsp; Also, most of us lazy *******s use tax software and with it, PFICs and MLP&#039;s are pretty mundane stuff.&nbsp; They used to scare me to death with the Schedule K&#039;s and all, but any more my TurboTax will link and download directly from the various companies.</p><p>&nbsp;</p><p>However, be that as it may, the big issue is that GLD and SLV are poison in a taxable account due to the 28% tax on cap gains.&nbsp; From my perspective, they&#039;re for trading/speculation in a deferred acct ONLY.&nbsp; </p><p>&nbsp;</p><p>For investment purposes, I&#039;m old fashioned and prefer the real stuff that I can hold in my sweaty (but wearing white gloves) hands.&nbsp; </p><p>&nbsp;</p><p><a href="http://www.centralfund.com/pfic/PFIC2008.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.centralfund.com/pfic/PFIC2008.pdf" rel="nofollow">http://www.centralfund.com/pfic/PFIC2008.pdf</a></p><p>&nbsp;</p><p>In case my attached link didn&#039;t work.</p><p>&nbsp;</p><p>Take care and good catch,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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