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GLD is a Collectible

|Includes: SPDR Gold Trust ETF (GLD), SLV

Let's say you buy GLD today and by this time next year gold sells for $2,000/oz. You sell with a handsome 100% profit.  Did you know that GLD is classified as a collectible by the IRS and your profits are taxed at 28%!  That assumes that you hold GLD (or any security) for more than 1 year, otherwise your profits are taxed as income.

Happy trading...