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<p>[QUOTE=&quot;imrich, post: 25445583, member: 22331&quot;]If you haven&#039;t had a Federal Tax Audit, believe me, it is a humbling experience, and the ramifications for INTENTIONAL tax evasion can be very significant, as an automatic gross misdemeanor (i.e. Felony). I believe:</p><ul> <li>Physical gold and silver investments are subject to capital gains tax, calculated based on the difference between the price you paid and the price you sold it for.</li> <li>The Internal Revenue Service (IRS) classifies gold and silver as collectibles. Hence, they are taxed at a maximum rate of 28% on long-term capital gains.</li> <li>If the gold or silver is yours for less than a year, any gains are taxed as ordinary income, which is often higher than the long-term capital gains rate.</li> </ul><p>[/QUOTE]</p><p><br /></p>

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