I think actually in the US you could file the gold under capital gains and get a better tax rate if you’re willing to hold onto it for years.
Though outside the US the USD are probably a wiser choice. Also if you plan on liquidating the gold immediately its likely subject to sales tax where they exist making it a much worse value proposition.
Nah, in the US gold is considered a “collectible” and is taxed at the maximum federal rate of 28% when sold. Capital gains would only apply to something like stock in gold index funds or mining companies.
I think actually in the US you could file the gold under capital gains and get a better tax rate if you’re willing to hold onto it for years.
Though outside the US the USD are probably a wiser choice. Also if you plan on liquidating the gold immediately its likely subject to sales tax where they exist making it a much worse value proposition.
Nah, in the US gold is considered a “collectible” and is taxed at the maximum federal rate of 28% when sold. Capital gains would only apply to something like stock in gold index funds or mining companies.