HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Why own NOT, and NOT cash or ETF's, in the US?
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Why own NOT, and NOT cash or ETF's, in the US?
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bravekind
Nov 26, 2007 05:01PM

I have a higher % of NOT in my accounts than any other stock. That said, I will take a scenerio you did not mention.

I use gold ETF's in my retirement accounts because it is all taxed as ordinary income when I take it out. I can go in and out as I please and not worry short term, long term, etc. With NOT I took out my core position at $3.37 and will pay ordinary income taxes in 2006 on this income. When I sell it in the future, gains will be at 15% under current law. When the stock hits $20 I plan to donate 5000 shares to help build a clinic in the Dominican Republic. I will get a charitable deduction for $100,000 that I paid taxes on $18,000.

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