No. of Recommendations: 0
I invested in a silver fund last year (SLV), and a Gold Fund (GLD). These are diversification funds, representing maybe 5% of my portfolio.

GLD turns to be a pain in the tail at tax time. Something like: Gold is a real asset, so your dividends are taxed at the rate of income (cuz it's a physical, tangible asset transformed into cash), *not* capital gains. Only turbotax is incapable of figuring this out.

So for maybe $20 of dividends in a year you have to wrestle with the tax program for 30 minutes and sweat if the IRS is gonna care.

SO ... I got out of GLD in January with a decent return.

SO ... I now have some $$$ to invest.

I think we'd like to buy silver, possibly having it shipped to our house, stored in a box in the basement. Again, not my life's savings, just a modest hedge investment.

SO it looks like we can get silver dollars for about their actual value in silver ($17 for a one-ounce coin) /or/ look into bars.

Suggestions? Ideas? My biggest concerns are shipping and handling and storage.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.