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Carol Roth: Gold might glitter but it's still money and taxes should treat it that way
By Carol Roth
Fox News, New York
Monday, September 8, 2025
Gold continues to shine brightly, hitting new all-time highs. A confluence of factors -- from central banks around the world on net reducing their U.S. dollar reserve holdings in favor of gold to concerns over inflation -- have been lifting the safe-haven precious metal’s price.
But there is one factor that continues to dim gold's luster: its tax treatment.
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Gold has been money, both as a store of value and sometimes a medium exchange, for around 5,000 years. It increasingly plays a role in protecting your earnings from the inflation generated by bad governance reducing the purchasing power of U.S. dollars and other fiat currency.
But gold isn't treated for tax purposes like holding U.S. dollars in cash or even U.S. Treasuries. Its tax treatment isn't even that of a stock or cryptocurrency.
It is treated as a collectible, engendering a very high taxation rate for many holders. ...
... For the remainder of the commentary:
https://www.foxnews.com/opinion/gold-might-glitter-its-still-money-taxes-should-treat-way
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