Personal Investments • Too late for gold and silver?

I just sold every silver, gold, and platinum coin I owned this week.

I probably won't. The tax bill would be too large.

I said the same thing last time silver spiked to around $50 and I missed out on selling. Personally I'd rather have a big gain and pay tax, than no gain. I'm sure GLD is up a lot from 15 years ago. I bought gold coins within the last few years and made over 3x. The silver was up 5x after about 20 years.

Did you have a big tax bill from selling everything this week?

It's up huge from 15 years ago. My basis is $150k and the current value is about $675k. That's $525k of gains. At a 28% collectibles rate + 3.8% NIIT, total tax would be 31.8% = $167k in taxes

If I've decided that, as a matter of fundamentals, gold no longer has a place in my portfolio, then obviously I'm better off selling at a high point and eating the capital gains tax than watching it drop 20-30% and then selling it. But still, extremely difficult to pull the trigger on a $167k tax bill.

Statistics: Posted by phositadc — Sat Jan 24, 2026 11:26 am — Replies 65 — Views 5303

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