Gold mining stocks, gold mutual funds, and gold mining ETFs provide investments in gold but with limited investments in physical gold bullion.
Central Fund of Canada (CEF) (GG) Central Gold Trust (GTU) Gold Mutual Funds First Eagle Gold Mining ETFs Market Gold (SGGDX) Tocqueville Gold Vectors Gold Miners (GDX) (TGLDX) Market Vectors Junior Gold Miners (GDXJ) Exchange-Traded Notes UBS ETFs/Futures Contracts ETRACS CMCI Gold (UBG) RBS PowerShares DB Gold Fund (DGL) Gold Trendpilot ETN (TBAR) ProShares Ultra Gold (UGL) Exhibit 2 Tax Rates and Rate of Return Emma Lucas Marginal tax rate upon 33% 25% initial investment Marginal tax rate upon 28% 15% sale and distribution Long-term collectibles 28% 15% tax rate upon sale and distribution LTCG tax rate upon 15% 0% sale and distribution Before-tax annual return.
On May 28, the Reserve Bank of India (RBI) had barred banks and non-banking finance companies from extending loans against units of gold exchange-traded funds (ETFs) and gold mutual funds
MUMBAI -- The Reserve Bank of India has said that banks would not be allowed to give loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
The RBI also said NBFCs should not give loans for the purchase of gold in any form including primary gold, bullion, jewellery, coins, units of gold ETFs and units of gold mutual funds.
" As these products are backed by bullion and primary gold, the restriction on grant of loan against gold bullion will be applicable to loan against units of gold ETFs and units of gold mutual funds," RBI said in a statement on Monday.
It has directed NBFCs not to give loans for purchase of gold in any form, including primary gold, bullion, jewellery, coins, units of gold ETFs and units of gold mutual funds. Besides, NBFCs have been told that they should not give advance against bullion, primary gold and gold coins either.
On Monday, the central bank said that commercial banks in the nation would not be allowed to provide loans against units of gold exchange-traded funds (ETFs) and gold mutual funds
However, no advance can be given by a bank for purchase of gold in any form, as well as for purchase of gold exchange traded funds and units of gold mutual funds
Tocqueville manages one of the most successful and award winning gold mutual funds
in the US (Tocqueville Gold Fund) which has consistently delivered top quartile performance since 1998.
"Invest in some alternative asset classes like precious metals or gold mutual funds
, which don't move in concert with the stock market," Johnson advises.
You'll also explore diverse ways to invest and trade in gold stocks; domestic, foreign, and even ancient gold coins; gold mutual funds
; and to intelligently hedge and speculate with futures and options in the gold market.