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Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 8:12 am
by Don
With gold etfs and gold itself being taxed at the collectibles rate, is investing in the miners aka GDX or GDXJ a more investment friendly investment? They're taxed at the regular stock rates, which are considerably lower.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 8:38 pm
by I Shrugged
The problem is that when stocks crash, mining stocks will crash. That was my experience in 08-09. Maybe because it was a liquidity crisis.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 9:08 pm
by Xan
Don wrote: ↑Tue Feb 08, 2022 8:12 am
With gold etfs and gold itself being taxed at the collectibles rate, is investing in the miners aka GDX or GDXJ a more investment friendly investment? They're taxed at the regular stock rates, which are considerably lower.
The collectibles rate is the lower of 28% or your normal tax rate. So particularly in a retirement situation, unless you're very high income, it may not be a major problem.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 9:14 pm
by Mark Leavy
The tax consequences of physical gold could cause a man to question his allegiance to the treasury.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 9:33 pm
by ppnewbie
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Tue Feb 08, 2022 11:58 pm
by Matthew19
mining stocks are so unpredictable. You could have a great mine that's functioning well and then the gov't slaps on some environmental taxes. Or you could have a junk mine that's lying about potential reserves. It's all a big mess and in no way an alternative to owning gold. The miners are one of the biggest sellers of gold, they don't want it.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Fri Feb 18, 2022 11:02 am
by Don
Matthew19 wrote: ↑Tue Feb 08, 2022 11:58 pm
mining stocks are so unpredictable. You could have a great mine that's functioning well and then the gov't slaps on some environmental taxes. Or you could have a junk mine that's lying about potential reserves. It's all a big mess and in no way an alternative to owning gold. The miners are one of the biggest sellers of gold, they don't want it.
Which is why you would buy an etf.
Re: Are The Gold Miners A More Tax Friendly Investment?
Posted: Thu Feb 24, 2022 4:35 am
by murphy_p_t
You're going to owe a hell of a lot more taxes with some luck with the miners, because they're going to massively outperform the metal.
