Is another way to have exposure to Gold .. personal if I wanted just Gold interest I'd either hold the real deal Bullion or PMGOLD.asx ... but for me I invest in micro-cap ASX Gold plays as I like the leverage on trade ..
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I will take that as two 'NO's then. :t_up:
Hell sNOw .....
Does investment in PMGOLD add to ones total for the purposes of the $50,000 exemption under FIF rules?
Maybe here would know NOR?
https://community.sharesight.com/t/n...fif-report/379
I've had a bit of a sniff at sharesight but for what I want to know I would have to pay. Naturally that's not the first choice.
However what I notice is that their sample calculation detects the peak value and if it's over 50,000 the fif rules come into play, which is what I had always believed. BUT the guide IRG3 2021 says " There's also an exemption from the FIF rules where the total cost of all the investment for FIF purposes is below NZ$50,000." Cost means what was paid in my understanding.
Cancel that. Sharesight does calculate on peak cost. Still don't know about PMGOLD. The nearest category which could be stretched to include them would be a unit trust.but they're not that. They are options to acquire 1/100th of an ounce from the mint.