ANOTHER Reason to Never Buy a Gold ETF
You probably didn't need another reason to stay away from gold-backed ETFs. But just in case, here is another reason: taxes. Instead of getting taxed at the regular long-term capital gains max tax of 20%, gold backed ETF's get taxed as a collectible at 28%. There are many better alternatives to exposure to the price of gold in your investing accounts than using these funds.
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