RE: New Trend in Gold The trend is not new for the elite in gold, ETF s are paper, they lease their stockpile at 25 to one or better and store most of their gold as paper rather than physical although they say that it is physical ... yup.. but who and where is it stored for them. Remember .. Germany wants their gold returned to them which the New York federal reserve was holding for them ... XXX number of tons ... that gold which was owned by some one other than the caretakers has been gone for years ... the US will offer Germany paper trash for the gold they were paid to hold .. the gold is long gone. The US dare not to give Germany gold covered tungsten bars from Fort Knox like they did with China.
If you buy physical gold be sure it is pure 24k 99.98 % for at that purity there is no tax on the purchase, if it is 22k gold it is then taxable. reason, pure gold and silver is considered real currency and money which is not allowed to be taxable by any one or government or institution .. thus most US gold coins are not pure therefore taxable.
I own physical silver and gold but I like the stocks better.