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Gold's Tax Twist

Stock quotes in this article: GLD , IAU , GDX , NEM , GFI , ABX , RTP  

Not even this year's volatile metal-price swings have been enough to stop overexcited gold bugs piling into the streetTracks Gold Shares(GLD Quote) exchange-traded fund.

In the last two months, the largest bullion ETF netted $794 million in new assets, bringing the total to $7.8 billion at the end of July, according to State Street Global Advisors, the firm that runs the fund.

But those eager investors may have a less-than-enthusiastic response to future tax bills if they haven't been reading the ETF's prospectus carefully. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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