Part 6. Tax on Gold Investments
The IRS treats gold bullion (and silver, platinum and palladium) as a collectible - the same as baseball cards - rather than as an investment, such as stocks or bonds. Long term capital gains are taxed at 28%. If you invest in an ETF that buys and sells precious metals, your gains will also be taxed at the 28% rate.
Funds and ETFs that invest in gold mining stocks, however, are treated the same as any stock funds.
In our last part, we will discuss tax on MUNIs, MLPs, and REITs.