Something That Didnt occure to me untill yesterday

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 18, 2013.

  1. SilverSanchez

    SilverSanchez Active Member

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    Some goldminers hold bullion as an asset - for example SLR holds bullion and cash

    Therefore they should go down more %age wise than their fellows who only hold cash
     
    SilverSanchez, Apr 18, 2013
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    There is no percentage to go down on with gold held as an asset, because when it was mined, it was not sold and therefore not technically part of the P&L. Therefore companies with gold assets are worth a lot more than companies holding cash as most people would not pick up their true worth.
     
    sammysilver, Apr 18, 2013
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  3. SilverSanchez

    SilverSanchez Active Member

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    But SLR announce their cash possition as 'Cash and Bullion on hand'
     
    SilverSanchez, Apr 18, 2013
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  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes but the bullion cannot be taxed as it hasn't been sold. Therefore no profit on that component.
     
    sammysilver, Apr 18, 2013
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