Gold ETF investors may be surprised by their tax bill on profits

Key Points

The IRS treats gold and other precious metals as collectibles for tax purposes. The same is true of exchange-traded funds backed by physical gold.
Collectibles have a 28% top federal tax rate for long-term capital gains. Stocks have a maximum rate of 20%.
Many investors in popular gold funds — like SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and abrdn Physical Gold Shares ETF (SGOL) — may be surprised to learn they face a higher tax rate.

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