Warning: You May Not be Making as Much on Gold as You Think

Millions of investors who bought gold in the last 12 months are undoubtedly very happy at the moment - considering that the yellow metal has risen 60% since last November to a recent close of $1,138.60 an ounce on Monday.

But chances are good that many won't be smiling when they discover just what the taxman has planned for their gains.

Unbeknownst to most investors, gold is considered a collectible not a capital asset. In plain English, this means that despite the fact that many people believe they are investing in gold, the Internal Revenue Service (IRS) believes that they are collecting it.

Investment News Briefs

"New" GM to Begin Bailout Repayment; Dollar Drops to 15-Month Low, Gold Continues Record Highs; SEC to Investigate Trading Prior to 3Com/HP Deal; Sprint Pays Down Loan, Stock is Upgraded; Canon to Buy Europe's Largest Printer Maker; Hitachi to Raise $4.6 Billion in Stock and Bond Sale; Cisco Ups Bid for Video Conference Equipment Maker; Millions of U.S. Taxpayers May Unexpectedly Owe, Treasury Says

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7 Reasons Gold Will Surpass $2,500 – And Inflation Isn't One of Them

Gold's price has quadrupled since 2000, yet this is just the beginning of a historic rise. Seven major forces are set to push gold past $2,500 – and we’re not talking about the tired old inflation story. Read the full report to find out how to play rising gold prices.

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The Index That Thrashed the S&P 500

The Standard & Poor’s 500 Index has zoomed 61% from its March 9 lows, lifting investor spirits and fueling confidence in the U.S. economic rebound. But there’s an even hotter index. This one is up 85% from its late-2008 nadir. And it’s tied heavily to companies that produce gold, silver and other commodities – which […]

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Silver's Run Quietly Gains Momentum

New fears over the U.S. dollar's vulnerability – warranted or not – have been a boon not only to gold prices, but its more affordable inflationary hedge silver. The white metal is up roughly 10% since Money Morning's Sept. 28 analysis of silver with futures trading as high as $17.71 this morning on the New […]

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Emerging Market Rebound Evidence of a Growing Divide From Developed Nations

Stocks in emerging market economies continued their torrid run yesterday (Wednesday), hitting a 13-month high and further separating themselves from developed economies. The MSCI Emerging Market Index rose for the third consecutive session climbing 0.4% to 928.40 -; its highest level in more than a year according to Bloomberg News. "The outlook for emerging markets […]

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Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar

Gold prices surged to record high $1,045 an ounce yesterday (Tuesday), after a report surfaced that global oil producers are planning to stop using the U.S. dollar for oil trade. "There's no telling the veracity of these reports, but the general trend has been going in this direction anyway: a weaker dollar and rising gold," […]

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What Does the "Wall of Worry" Tell Us About Future Gold Prices?

There can be little doubt that 2008 was a nightmare for investors of all outlooks. In the midst of the carnage, it seemed to make little difference whether your portfolio rested on the bedrock of sound economic principles or if it was based on nothing but hot air. However, as I pointed out at the […]

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The No. 1 Way to Profit When Silver Upstages Gold

While prices of gold don’t necessarily affect silver prices or vice versa, history has demonstrated that when gold rises or falls, silver usually follows suit. This time around, silver has failed to match the gains that gold posted in recent months, spawning a widespread believe that silver is poised for a bull run. Such factors […]

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How China became the '800-Pound' Gorilla in the Gold Market

With prices testing their record high of $1,033 an ounce set last year gold has again become the hot topic of conversation. But while many analysts are focusing on threat of inflation – which could be a byproduct of the U.S. Federal Reserve's reluctance to withdraw monetary stimulus – investors should really be watching China. […]

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Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

[Editor's Note: Shah Gilani, a retired hedge fund manager and noted expert on the global credit crisis, predicted this developing FHA debacle in a July 2008 Money Morning essay.] Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal […]

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The Only Way to Profit From a Stock Market Bubble

Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now. The Standard & Poor’s 500 Index is up 58% from its March lows, gold has finally broken through the $1,000-an-ounce level – and may […]

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Gold Prices Soar to 18-Month High on Dollar Weakness, Inflation Fears

Gold bugs pushed the gold prices to an18-month high today (Wednesday), as rattled investors focused on renewed weakness in the U.S. dollar and the looming potential for runaway inflation. Those factors combined to push gold as high as $1,023.30 an ounce, the loftiest level since late March 2008. The case for inflation was bolstered by […]

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The "Golden Staircase" Points to Record Prices for Gold

As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last. I have to confess that – deep down – this makes me smile. The reason: I know that the real question to ask is "When will gold go on to set new highs?" […]

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Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation

The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The […]

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