Here is how your gold and silver investments are taxed in the US

Sovereign Confidential

Alert

Gold remains an excellent way to preserve your wealth.

It also serves as a hedge against today’s many unknowns and uncertainties - the COVID-19 pandemic, resulting government shutdowns, obscene government borrowing and spending, civil unrest, etc.

Unsurprisingly, over the past few months, individuals have flocked to the certainty of gold, from physical bullion to ETFs to mining stocks.

We hope that by now, you have some exposure to gold, too.

Central banks around the world are conjuring trillions of new dollars, euros, pounds, yen, etc. to support their economies. So, it’s a reasonable assumption that, over the next few years, precious metals may substantially increase in value versus paper currencies.

Again, the primary reason to hold gold is as long-term insurance.

But if you find that you’re sitting on gains in any of your gold investments, you might want to realize a profit in the next few years.

And if you’re a US taxpayer, you need to know that no matter how you make your money, Uncle Sam typically wants a pound of your flesh. Precious metal investments are no exception.

While you may be familiar with the taxation rules for mining stocks - which are taxed as any other stocks in the US - taxes on some other forms of gold and silver investment can be very different.

The gains on the sale of physical gold and silver, for example, are taxed at collectibles rates.

Gold and silver ETFs are taxed depending on what exactly they are invested in.

If you invest in gold and silver futures contracts, the rules are different, too.

And then there are Passive Foreign Investment Companies (PFICs) that, by default, attract very harsh tax treatment by the IRS, but usually can be switched to much more beneficial taxation.

In this report, we cover the important taxation details of all the above.

So, read on to understand the tax consequences of gold and silver-related investments that you have or are considering.

Gold remains an excellent way to preserve your wealth. It also serves as a hedge against today’s many unknowns and uncertainties – the COVID-19 pandemic, resulting government shutdowns, obscene government borrowing and spending, civil unrest, etc. Unsurprisingly, over the past few months, individuals have flocked to the certainty of gold, from physical bullion to ETFs…

- Members Only Content -
You need to be a member of Sovereign Confidential to access this content.

Neither this document, nor any content presented by our organization, is intended to provide personal tax or financial advice. This information is intended to be used and must be used for information purposes only. We are not investment or tax advisors, and this should not be considered advice. It is very important to do your own analysis before making any investment or employing any tax strategy. You should consider your own personal circumstances and speak with professional advisors before making any investment. The information contained in this report is based on our own research, opinions, as well as representations made by company management. We believe the information presented in this report to be true and accurate at the time of publication but do not guarantee the accuracy of every statement, nor guarantee that the information will not change in the future. It is important that you independently research any information that you wish to rely upon, whether for the purpose of making an investment or tax decision, or otherwise. No content on the website (SchiffSovereign.com) or related sites, nor any content in this email, report, or related content, constitutes, nor should be understood as constituting, a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented here, nor an offer of securities. Schiff Sovereign employees, officers, and directors may participate in any investment described in this content when legally permissible, and do so on the same investment terms as subscribers. Schiff Sovereign employees, officers, and directors receive NO fundraising commissions from companies who appear in this report.
👋 Click here to access the Sovereign AI Chat Bot 👇
Click here to access the Sovereign AI Chat Bot