A Tax Surprise on Gold Profits

Christopher Condon and Margaret Collins

Long-term capital gains on stocks and bonds are taxed at a maximum rate of 20 percent

Profits from exchange-traded funds that back their shares with physical holdings of gold and other precious metals face capital gains taxes as high as 28 percent if the investment was held for more than a year (taxes on short-term profits are higher). That’s the rate applied to items considered “collectibles,” which also include coins, art, and silver.

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