Bullion and Taxes: What the IRS Says
How the IRS treats gains on gold and silver bullion, the collectibles rate, and why record keeping matters.
The IRS treats physical gold and silver as collectibles. Long-term gains (held more than one year) can be taxed at a maximum rate of 28%. Keep receipts for every purchase. Consult a tax professional for your situation.
What is the collectibles rate?
Long-term capital gains on collectibles, including precious metal bullion, are taxed at up to 28%, which can be higher than the rate for stocks.
What about short-term gains?
Bullion held one year or less is taxed as ordinary income.
What records should I keep?
Keep invoices showing date, product, quantity, and total price paid, including fees.
Does this site give tax advice?
No. This is general education. Your situation may differ; talk to a qualified tax adviser.
Sources & further reading
External sources provide general education, not an endorsement of this retailer. Store-specific prices and terms are provided on our product and policy pages.