GLD Sells Your Gold Every Month to Pay Itself, and the IRS Can Tax Those Sales at Up to 28%
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The post GLD Sells Your Gold Every Month to Pay Itself, and the IRS Can Tax Those Sales at Up to 28% appeared first on 24/7 Wall St..
SPDR Gold Trust (NYSEARCA:GLD) sells gold every month to pay its expenses. The trust holds no cash and earns no income, so it pays its bills in metal. The fund’s own FAQ states: “The Trustee sells a small quantity of gold every month in order to pay the Trust’s expenses.” As a result, “the amount of gold represented by each Share will
SPDR Gold Trust (NYSEARCA:GLD) sells gold every month to pay its expenses. The trust holds no cash and earns no income, so it pays its bills in metal. The fund’s own FAQ states: “The Trustee sells a small quantity of gold every month in order to pay the Trust’s expenses.” As a result, “the amount of gold represented by each Share will
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