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NOTICE, APRIL 19, 2011


Since WCM cannot determine definitively if conversion of silver bars to silver rounds is not, for tax filing purposes, a Sale and subsequent Purchase vis a vis the U.S. Internal Revenue Service, WE HAVE SUSPENDED THIS CONVERSION PROGRAM UNTIL FURTHER NOTICE.  Should such a transaction not qualify as a Like-Kind Exchange per the I.R.S., it would hence require dealer filing of a 1099-B for 1,000 ounce or greater quantities of silver after obtaining customer tax I.D. information.


However, please review the many other high-quality bullion products we have to offer customers at very competitive prices and with excellent customer service:  www.goldsilverbullion.com


Sincerely, David W. Young
President, Wexford Capital Management (WCM)

 


 



 


 



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