Gold

[JBmurc]

Can I get the opinion of you two duelists on the
Perth Mint Gold Token: [ see https://pmgt.perthmint.com/ ]
and similar gold backed tokens.

Best of both worlds?

"For the avoidance of doubt, The Perth Mint does not guarantee the Trovio-issued PMGT or Trovio’s operation of PMGT on the blockchain. It only guarantees the gold securely held by The Perth Mint, which underlies all GoldPass certificates."

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 ..

[Snow Leopard]

I will take that as two 'NO's then.

[Crypto Crude]

Hell sNOw .....

[Bjauck]

So?
...

It reduces the appeal of PMGT for people outside the USA and Australia?

[Crypto Crude]

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 ..

Ok boomer .....

[JBmurc]

Ok boomer .....

LOL 14yrs too young to be a Baby boomer ... Young GEN-X

you really should have backed up "Ok boomer" with "Have fun staying poor" ... isn't that the catch phase rhetoric of the Crypto nut jobs

[Nor]

Does investment in PMGOLD add to ones total for the purposes of the $50,000 exemption under FIF rules?

[kiora]

Maybe here would know NOR?
https://community.sharesight.com/t/n...fif-report/379

[Nor]

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.

[Nor]

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.