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15.08.26 - 18:27
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The Gold Tax Surprise: When Gold Profits Get Taxed At 28 Percent (ZeroHedge)
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The Gold Tax Surprise: When Gold Profits Get Taxed At 28 Percent
Authored by Adam H. Douglas via The Epoch Times,
If you bought gold during its 2023-2026 rally, you may be sitting on a large profit and a tax rule you have never heard of.
Gold's tax treatment can surprise investors, especially when selling after a major rally. Nattapon Saisaard/shutterstock
The IRS classifies physical gold, and even the popular bullion-backed gold exchange-traded funds (ETFs), as collectibles, a category shared with art, stamps, and antiques. That classification changes the tax bill when you sell. Most holders discover it at the worst possible moment: after the sale, when nothing can be done.
Here is the rule to understand before you sign anything.
Quick Answer: How Is Gold Taxed When You Sell?
Long-term gains on physical gold and bullion-backed ETFs are taxed as collectibles: at your ordinary income tax rate, capped at a maximum of 28 percent. That cap is the part many investors misunderstand and what a lot o...
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15.08.26 - 16:06
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Post-Maduro Venezuela Wants Its $4BN In Gold Back From England (ZeroHedge)
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Post-Maduro Venezuela Wants Its $4BN In Gold Back From England
Venezuela wants its gold back. And now with Maduro having been removed and Caracas being essentially a puppet of Washington influence and interests, it has a much better chance at this than ever before.
Venezuela's government and opposition are teaming up to wrest back $4 billion in gold bullion currently locked in the Bank of England's vaults, according to a Friday report by the Financial Times.
Bank Of England/Shutterstock
A freshly issued joint statement confirmed they are actively working "to recover Venezuela's international reserve assets held in the Bank of England."
If successfully repatriated, the funds are slated in part for post-earthquake reconstruction efforts and to soften the blow of years of US sanctions, which still haven't actually been fully lifted.
The funds have been the subject of a lengthy court battle, after since 2018 the United Kingdom has blocked access by denying recognition to Venezuela'...
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14.08.26 - 14:12
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Gold: 5.100 Dollar bis Jahresende? (Der Aktionaer)
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Der Goldpreis schnauft nach einem starken Zwischenspurt aktuell etwas durch. Eine aktuelle Umfrage der London Bullion Market Association (LBMA), über die Kitco News berichtet, sieht den Goldpreis bis zum Jahresende 2026 mit weiterem Aufwärtspotenzial....
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