Another rug pull from USA....28% on gold long term gains.🤣🤡🌎

Tax Classification: Collectibles vs. Securities

Gold as a Collectible: The IRS classifies physical gold (e.g., bullion, coins) as a "collectible" under IRC Section 408(m).

Collectibles, which also include art, antiques, and certain other tangible assets, are subject to a maximum long-term capital gains tax rate of 28% for assets held longer than one year.

Stocks as Securities: Stocks, bonds, and most other investment securities are classified differently and are subject to a lower maximum long-term capital gains tax rate of 0%, 15%, or 20%, depending on your taxable income and filing status. For 2025, the 20% rate applies to higher-income taxpayers (e.g., taxable income above $553,850 for single filers or $622,050 for married filing jointly).