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Gold investing could have big benefits for your portfolio — but it could also come with surprising tax obligations. Getty Images
If you bought gold earlier this year, then you’ve probably seen some big returns. The price of gold has risen steadily in 2024, even hitting record highs multiple times.
Forecasts say they could rise further, too. And while that’s great for your portfolio, it also has some tax implications you’ll want to prepare for.
Protect your portfolio by adding gold today.
Gold and taxes: What every investor needs to know
Do you have gold investments that have seen gains this year? Here’s what to know about the taxes you might owe as a result.
Capital gains taxes
If you sold any of your gold investments for a profit this year — including gold stocks or shares of a gold ETF — you’re going to owe capital gains taxes on those returns.
Gold and taxes: What every investor needs to know
