The Real Cost of Owning Gold

By Lewis Braham - 2013-04-17T21:48:26Z

Photograph by Getty Images

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Taxes on Gold

Profits on gold investments are taxed at a maximum 28 percent rate, as collectibles. Until recently, that meant that gold investors paid much higher rates than stock investors, who paid a 15 percent maximum tax rate for long-term holdings. In 2013, however, the gap narrowed as top-earning households now face an effective capital gains rate of 23.8 percent. For taxable investors, a better value may still be shares of gold miners, which are taxed like equities.

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