This is contrary to the information for the said ETF GLD (https://www.ssga.com/library-content/products/fund-docs/etfs/us/tax-documents/gld-faq.pdf)
"What Is the Long-Term Capital Gains Tax Rate for U.S. Shareholders Who
are Individuals?
Under current law, gains recognized by individuals from the sale of a “collectible,”
including gold bullion, held for more than one year are taxed at a maximum rate of
28%, rather than the 20% rate applicable to most other long-term capital gains.
However, if a U.S. shareholder is otherwise subject to rate lower than 28%, the 28%
rate does not apply"
Another view: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-enter-an-iau-e...
Another: https://www.cnbc.com/2022/03/14/gold-silver-etf-owners-face-28-percent-top-tax-rate-on-capital-gains...
