Quote:
Originally Posted by lewisrtt
gold is taxed at the 'collectibles' rate - usually 28%.
Correct - according to IRS Pub 550:
28% rate gain. This gain includes gain or loss from the sale of collectibles and the eligible gain from the sale of qualified small business stock minus the section 1202 exclusion.
Collectibles gain or loss. This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year.