主题：【原创】炒金记 -- MRandson

这是我在fatwallet上看来的，觉得满有用得的。

Credit goes to gandhis on fatwallet

Type A: Buy Physical gold

Generic Cons for physical gold

Long term Gains are also taxed at 30-33%

Gold has some industrial/ornamental usage but for the most part, Gold by itself is not a productive asset. It does not earn interest, does not earn dividend. In fact, it costs money to hold it.

Option A1: Buy from local coin dealer.

Pros:

no shipping risk

probably good customer service

Cons:

Wider spread when buying/selling

You will have to worry about storage

Option A2: Buy from mail order / internet

Pros:

slightly lower spread when buying

Cons:

Wider spread when selling

Shipping risk

You will have to worry about storage

Possibly bad customer service

Option A3: Buy Perth Mint Certificate An century old storage backed by Australian govt.

Pros:

Smaller spread

No shipping risk

Very low credit default risk

No storage worries

Cons:

2% transaction fee for buying. 1% for selling

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Type B: Buy Digital gold

Generic Pros for digital gold

No shipping/storage risk

Easy liquiditiy

Low commission

Option B1: Buy the ETF called GLD

Pros:

Very small spread

Very low credit default risk

Cons:

Long term Gains are also taxed at 30-33% unless held in retirement a/c

Option B2: Buy the fund called CEF. It is 55% gold and 45% silver.

Pros:

Biggest PRO: Long term gains are 15%

Pays dividend (very very little)

Cons:

You will pay anywhere between 6-9% premium to NAV but maybe worth it given tax benefit

Option B3: Buy Gold CD's from Everbank.com

Your return will wildly differ from the price of gold but principal may be safer. (may not be FDIC safe)

Option B4: Buy goldmoney.com units.

I have not researched this option but may be worth looking into.

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Type C: Buy Gold mining stocks

The performance of mining stock may be better or worse than the performance of Gold for quite a few reasons such as

1. how smartly did the company hedge its gold production (biggest concern)

2. management factors such as making a stupid acquisition (notice the recent drops in KGC,GG) or making a smart decision (notice spurt in GLG)

3. There are some gold pure play (eg NEM) but a lot of Gold mining companies also mine other metals (eg BHP, AAUK etc) So their stock performance also depends on general economy and how other metals perform.

Pros:

No storage worries

Some stock generate dividends (such as AAUK)

Long term gains are taxed at 15%

Cons:

Some gold stocks are traded on bulletin boards and border on pump-n-dump frauds.

Mining operations are prone to social / environmental activism

Political risks in countries where mines are located. A lot of Latin American countries are leaning Left and giving headaches to mining companies. Notice fluctuations in PAAS leading up to elections in Peru and the rise of Mr. Hamala