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<p>[QUOTE=&quot;Rono, post: 1357859, member: 6492&quot;]Hi Cloudsweeper, </p><p><br /></p><p>Thanks for the qualifier on CEF.&nbsp;&nbsp; I own it deferred but also believe that it&#039;s the best way to own paper bullion in a taxable account.&nbsp; Sure, it&#039;s a PFIC and sure you need to use TurboTax or some other program, but when you do you end up with gains being taxed at a much lower rate than the normal bullion ETF&#039;s.&nbsp; As you are aware, GLD and SLV are taxed at 28% as Collectibles. </p><p><br /></p><p>And frankly, the only reason to own a bullion ETF of any sort is to augment your physical holdings in a completely speculative manner.&nbsp; &nbsp; I trust CEF but not GLD or SLV.&nbsp; </p><p><br /></p><p>As for PM&#039;s being an appropriate investment for someone just making ends meet - we disagree.&nbsp; I think everyone on the planet should own some.&nbsp; My grandkids refer to their favorite stuffed animals as their Bed Buddies.&nbsp; Well, gold and silver bullion/coins are MY bed buddies.</p><p><br /></p><p>When someone is closer to the edge financially, many forms of bullion are out of the question.&nbsp;&nbsp; You&#039;re not going to buy gold buffalos.&nbsp; However, you can own jewelry - you can buy single silver eagles - etc.&nbsp;&nbsp; Look at India where for centuries, gold jewelry is effectively the retirement system for the women.&nbsp;&nbsp; They&#039;re given jewelry at birth, every holiday and at their wedding.&nbsp; Many wear a lot of it all the time.&nbsp; Most is 18k.&nbsp; Oh, and some of these women are &#039;just making ends meet&#039; or worse.&nbsp; </p><p><br /></p><p>And I also do not consider gold and silver to be high risk investments.&nbsp; They are high risk speculations and you can get seriously crazy in the arena.&nbsp; Having a little gold and silver as a &#039;bed buddy&#039; is prudent and wise and the height of fiscal responsibilty.&nbsp; To say otherwise is to ignore 5,000 years of history.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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