10Mon·

The last purchase in 2024

Talk is silver, silence is gold, but I'll share it with you anyway.

30.12

iShares Physical Gold ETC

Bought x12 at €48.82

€585.79

14 Comments

Iván@Ivanrodriguezz

10Mon

A recomendation, the eft of physical gold of Invesco is better than the ishare.

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Alex@alex_cringeBoi

10Mon

@Ivanrodriguezz explain pls

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Iván@Ivanrodriguezz

10Mon

@alex_cringeBoi They are not transparent with audits and are not 100% physically backed; they often use derivatives during periods of high volatility.

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Vincent@VincP3

10Mon

went through the same thing today, would also switch to euwax 2, but that would only work with scalable :/

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Caynify@Caynify

10Mon

@VincP3 I have already regrouped

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Vincent@VincP3

10Mon

i think i'll keep the IGLN at TR and let it run over the tax-free allowance at some point. somehow i prefer it aesthetically in my TR depot

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Lennart2003@Lennart2003

10Mon

Stupid question, but is it tax-free after one year?

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Caynify@Caynify

10Mon

@Lennart1709 I don't know, I read the post from @Epi regarding gold. @Epi can you answer the question?

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Epi@Epi

10Mon

@Caynify This is complicated at $IGLN. The gold ETCs must be "transparent" and "physically deliverable" for the tax exemption to apply. And then probably not automatically, but only in the tax return. And then there has to be a tax official at the other end who knows the factsheet and the laws.

It's best to read the factsheet and the relevant tax legislation. This is different for every GoldETC.
You can find good information on this in the articles on GQ about the ticker. 👍

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Caynify@Caynify

10Mon

@Epi just swapped it to EUWAX II , 4€ loss but no matter, thank you 😃

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Epi@Epi

10Mon

@Caynify $EWG2 is simply the better choice. You'll soon recoup the €4 simply because of the lower costs.

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Caynify@Caynify

10Mon

@Epi Thank you, also for your contribution. Happy New Year to an exciting new year :)