Warning to All Silver and Gold Buyers (Part 3) - Taxes on Silver and Gold

Gold and Silver are susceptible to capital gains tax and there are times when purchases or sales will be reported to the IRS. I talk about when capital gains tax on precious metals applies and how much it is. I AM NOT A FINANCIAL ADVISOR OR TAX EXPERT. DO YOUR OWN RESEARCH AND CONTACT A PROFESSIONAL. You are required to report profits on sales of precious metals to the IRS and pay the capital gains tax of up to 28% on your own. You are only required to pay the capital gains tax on profits from gold sales or silver sales. I talk about gold taxes and silver taxes in general and I give my opinion on a precious metal tax as well. Below is my video on buying silver and gold and when a IRS from will required for that transaction as well as the video talking about when the IRS requires a 1099-b to be filled out when selling bullion:

Warning to All Silver and Gold Buyers (Part 1) - Don't Make Large Purchases!
https://youtu.be/WFb-HSZIYfk

Warning to All Silver and Gold Buyers (Part 2) - Don't Sell Large Amounts!
https://youtu.be/5autiegSCDQ

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