If you trade or invest in gold, silver or platinum, the Internal Revenue Service considers it a "collectible" for tax purposes. The same applies to Exchange Traded Funds that trade or hold gold, silver or platinum. As a collectible, if your gain is short-term, then it is taxed as ordinary income. If your gain is earned for more than one year, then you are taxed at either of two capital gains rates, depending on your tax bracket. This means that you cannot take advantage of normal capital gains tax rates that you enjoy with other investments.
The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in
the top 25 of Certified Financial Planners in Jacksonville
the top 25 of Certified Financial Planners in Jacksonville
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