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I have a question about paying tax on capital gains(precious metal). Does a person pay less tax if the gain is “long term”?Or “short term”?
Thanks.

2 Responses to “Which ends up with less tax, long term or short term?”

1. bostonianinmo on June 15th, 2009 9:10 pm

   Long term, generally. However if the precious metals are in the form of collectibles then it doesn’t matter. If it’s coin (other than old collectibles worth more than their bullion value) or bullion then long term is always better.

2. Judy on June 18th, 2009 12:56 pm

   Long term is taxed at a lower rate than short term.

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