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Topic: Investment in GLD and SLV
Laurie,
 
Nice write up. Now if only it would convince clubs not to invest in these entities.
 
Ira Smilovitz
 
In a message dated 4/4/2012 3:16:25 P.M. Eastern Daylight Time, laurie@bivio.biz writes:
Some of you have wondered why we recommend against you investing in the commodity ETFs GLD and SLV in your investment clubs.

For your information, I've attached a sheet of instructions for the accounting and tax reporting issues you will need to handle if you do so.  Because these are considered investments directly in gold and silver bullion they come with unique tax issues.  You will have a lot of extra work to do to make sure your accounting records get updated correctly and your tax reporting is done correctly.


Laurie Frederiksen
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Thanks Ira!  I'm hoping that if treasurers can show the specifics of what is required to their other club members, they'll be able to use it to help convince them this is not a road they want to go down.

Laurie Frederiksen
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On Wed, Apr 4, 2012 at 3:30 PM,wrote:
Laurie,
 
Nice write up. Now if only it would convince clubs not to invest in these entities.
 
Ira Smilovitz


Laurie,

Can you send me the attachment that you were referring to.
Here is a link to it:

https://www.bivio.com/site-help/bp/Investment_in_SLV_and_GLD.pdf

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio


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On Tue, Apr 10, 2012 at 12:47 PM, Farid Premjee  wrote:
Laurie,

Can you send me the attachment that you were referring to.

Thanks!

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Tuesday, April 10, 2012 1:12 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Re: Investment in GLD and SLV

Here is a link to it:

https://www.bivio.com/site-help/bp/Investment_in_SLV_and_GLD.pdf

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio


Click here to Subscribe to the Club Cafe email list.  Click here to  Unsubscribe



On Tue, Apr 10, 2012 at 12:47 PM, Farid Premjee  wrote:

Laurie,

Can you send me the attachment that you were referring to.