The Dark Years

Correction: Beware of Taxes with Currency, Precious Metal ETFs

Matthew, are you per chance an attorney or CPA? I am not, but seem to recollect that the 28% tax rate is for collectible gold and silver coins and is different than for bullion held in an ETF. Is there anyone out there from the IRS or an attorney, or CPA who might clarify that issue. If it is indeed true that the 28% rate is applicable to GLD and SLV it would adversely impact interest in investing in those funds, would it not.