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<p>[QUOTE=&quot;9guns, post: 1122189, member: 26044&quot;]this is what i was told</p><p><br /></p><p>One fact that is rarely mentioned is that even the government doesn&#039;t count gold as an investment. For tax purposes, gold is considered a collectible. Rather then the 15% capital gains tax levied on investments held longer than 1 year, profits on gold are taxed at 28%, same as if you sold a painting or sculpture or other piece of art or collectible item</p><p><br /></p><p>The only way around that is to hold it in a tax-free account like your Roth. You can buy a gold ETF and avoid that tax hit. I&#039;m not recommending that, but that would be the way around the tax issue.[/QUOTE]</p><p><br /></p>

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