Posts Tagged ‘collectible’

Gold and Silver ETFs taxed as collectibles at 28%

Thursday, October 29th, 2009

Something I hadn’t known:  Gold and Silver Exchange Traded Funds (ETFs) are taxed as collectibles.  That means that if you hold the shares for more than a year, the capital gain you realize when you finally sell them would be 28%.

Ouch.

But, apparently, you can hold those funds in a traditional IRA and avoid all this.  I’m going to dig around the IRS publications and guidance to get the story from the horse’s mouth, but here is a helpful link:

http://moneygirl.quickanddirtytips.com/money-golden-egg.aspx