tb1975

Gold: The Moriarty Warning

I have checked the tax code. I own an ETN- with ticker DGP. It sells future contracts on gold and not gold itself and is therefore exempt from the collectible tax. I am up 35% since I bought last December and will pay 20% capital gains tax when I sell.


On Sep 18 04:54 PM gjg49 wrote:

> you might want to check the tax code.
> page 66 of irs publication 550 indicates that the long term cap gains
> rate for collectibles (and this includes gold--gold, silver, and
> platinum are specifically noted) is 28%. that may be less than your
> tax rate on ordinary income, but the tax rate for long term gains
> should probably not be a consideration for whether you hold or sell
> gold.