help for GLD

newplayer12

since Fed is going to spend more than 1T, I want to buy some gold. Is GLD a safe bet and is the current price a good entry?

goldbug

CEF is better than GLD, IMHO.  GLD is considered as collectable, and you pay 28% flat tax when you sell it.  CEF is treated as common stock, you pay only 15% if you hold long term (>1yr).

CEF actually hold gold and silver bars, while there is always some rummor about whether GLD really hold enough physical gold.

90ufo

I've always reported GLD in schedule D as capital gain/loss.  never paid 28% flat tax before.  Nice to know, I'll keep it in mind.