Precious metal gains are taxed as collectibles which is a higher rate than capital gains.
Yeah right, try to collect it.
None of my precious metals gains have ever been taxed a dime...... think hard about it, you will get it eventually. And when you do, you will say "BY GOLLY! THAT is why the government doesn't want us using cash " think: retailers and/or banks have to "report" cash transactions of over 10,000 dollars, money is no longer printed in denominations bigger than 100 dollars, and if you are found to have over 10,000 dollars in cash on you, the fed can seize it until you "prove" you got it "lawfully." Further, they don't want us using gold or silver because it will expose the scam of the Federal Reserve for the lying tyrannical thieving scam it is.