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<p>[QUOTE=&quot;Peter T Davis, post: 1996176, member: 1&quot;]If you bought, say 100 oz of gold back when it was $250 per ounce, and sold it recently for $1600 an ounce (just making those numbers up), you would have a tax liability for the profit.&nbsp; Your cost would have been $25,000 and your sale price was $160,000, so $160,000 - $25,000 = $135,000 and it would most likely be a long-term capital gain because gold hasn&#039;t been $250 for many years.&nbsp; But, yea talk to your CPA about it before you file.[/QUOTE]</p><p><br /></p>

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