Crowne Gold
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Fees and Costs
Live Gold Spot
closes in 20 hrs.38 mins.
Nov 11, 2007 NY Time
bid 824.20
change -7.30
contractmonth 2007-11-11
high 831.85
open 831.50
pctchangeS -0.88
prevclose 831.5
time_ymdhms 2007-11-11 20:38:40
Silver & PGM'S
closes in 20 hrs.37 mins.
Nov 11, 2007 NY Time
bid 15.24
change -0.16
contractmonth 2007-11-11
high 15.43
open 15.40
pctchangeS -1.04
prevclose 15.4
time_ymdhms 2007-11-11 20:37:19
Due to increased alarm regarding terrorism, international drug dealing, money laundering, and concerns over untaxed income, the U.S. government has commenced scrutiny of a number of industries not formerly required to provide reporting on the sales activities of U.S. persons. On February 3, 2002 new software programs were installed by Crowne Gold, which will generate 1099-B reports for all U.S. Persons. The U.S. 1099-B form is an Internal Revenue Service document designed to list total annual SALES made through the Crowne Gold system, (not purchases), so in order to determine profits or losses sustained on the annual SALE of gold and silver a separate profit analysis report will be provided to clients of the system.

All account holders, be they U.S. persons or otherwise, will receive an annual profit or loss compilation based upon SALES and the purchase price actually paid for the gold or silver sold. Profit analysis is based on the accounting principal of "first in, first out."

Please note, that the purchase of precious metal DOES NOT constitute a taxable event, only the SALE of an item triggers the calculation of profit or loss.

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