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. 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.

https://www.zerohedge.com/personal-finance/gold-tax-surprise-when-gold-profits-get-taxed-28-percent