I'm wondering why is GG only up 2% on LOW/AVG volume? A one-time 50 cent dividend on a $13 stock is really good in my book ... is it the uncertainty that surrounds this deal? Whats everybody's thoughts?
Actually thats a very good point tech - they do have a much bigger load of paperwork AT LEAST for the future aspects of the report. We'll see how it goes...
This is to all of you experienced gold investors - I wanted to invest in physical gold (coins, bars, or anything else?) as well as stock.
Where can I purchase gold coins and bars for relatively competitive prices? www.kitco.com sells them at around a 5% price hike (EX: gold=$440 oz ... 1 oz gold coin=$464 - a $24 premium!!!)
Any suggestions or advice?
BTW - why the price disparities between Gold eagles, maple leafs, and the South African coin? Is that just due to the name of the government?
Here was a post by Johnny Canuck about this same issue - I pasted below but you can also search for the message number - MSG# 75331
GG dividend received in your IRA ...
by: JohnnyCanuk 03/02/05 10:42 am
Msg: 75331 of 75339
Just an update for roger4425 and others who hold Goldcorp in your IRA or other US tax exempt accounts and see that there has been 15% of your dividend withheld by the Canadian government ...
The trustee of your plan, normally your broker or other financial institution, should know enough on how to claim that 15% withheld from the Canadian government so that you get full benefit ...
But here's a hint and an update for roger and others ... it is NOT necessary to wait to the end of the year when your plan gets its annual update by the trustee, it is possible to claim it each time it is received ...
Inform your broker or trustee of your plan of the following ...
"U.S. residents may apply to the Canada Customs and Revenue Agency (CCRA) for a refund of any overwithheld Canadian withholding tax no later than two years after the calendar year in which the distributions were paid. U.S. investors can file CCRA Form NR7-R "Application for Refund of Non-Resident Tax" which is obtained by contacting the International Tax Services Office of the CCRA at 1-800-267-3395 or online at www.ccra.gc.ca."
But watch if the trustee charges you for that and if so, just do it once a year ...
I have to agree - very strange...maybe foreigners are taking their money out of the US stock markets and thus the decline in EVERYTHING. Hate to play doomsday but it is very likely...
I'm a fan of Gold Bullion ...but one thing that worries me about this current stock market (and particularly gold stocks) is that GG is now tracing the market - as it goes down GG tends to go down and vice versa (check out todays chart). Doesnt that concern people? What i'm worried about is that foreign investors are not reallocating money to gold stocks from other issues, but are instead pulling their money from ALL stocks. This wasnt always the case, GG used to go up on market declines and viceversa... now they are in parallel.
Just some observations...
Whens GG going to start offering the dividends in Gold Bullion???? =p
The GDP Economic report comes out tomorrow. For a newbie - is this really going to have an effect on the POG and/or GG? Or is this report not that important for POG?
Does everybody own Gold Coins? If so, I'd like to get your opinion on the best place to get them from. I am a big fan of the Canadian Maple Leaf and the best deal I can get them for is around $432 for 10+ (after shipping)- anybody know a respectable place I can get them for cheaper?
BTW - an interesting stock that i've found CEF - is a small Gold + Silver holding trust that seems to be priced at very respectable levels (compared to GLD) - what do you guys think? Any other Gold holding companies you'd recommend? (NOT Miners - I have plenty of those in mind)
Just last week the Fed announced that they are going to stop publishing the M3 Money Supply report... sounds like they dont want anyone to know about the massive amounts of inflation they are going to need to keep this economy afloat.
Check it out from their own website:
if you're keeping your assets in $US you are going to be losing A LOT of purchasing power over the next few years...