The Conversation (0)
A Canadian Closed-End Gold And Silver Fund With A Tax Break
Oct. 13, 2011 08:05AM PST
Precious Metals InvestingForbes reported that investors can trade in gold and silver through the Central Fund of Canada.
Forbes reported that investors can trade in gold and silver through the Central Fund of Canada.
As quoted in the market news:
Your investment in Central Fund of Canada will give you an ownership split approximately 50/50 between gold and silver. A further advantage is that when you sell, you will not be taxed unfavorably. Closed-end funds are taxed as equities while precious metal ETFs are taxed as commodities at a higher rate.
