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Is it legal to store physical gold at home in the US? If so, what taxes may be applied on the gold held at home, in form of both jewelry or raw gold?

best_of_man
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1 Answers1

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Private ownership of gold has been legal in the US since the passage of Pub. L 93-373, which repealed the prohibition of private ownership of gold. You may therefore store it wherever you want. There is no tax on gold, kept as gold, though if you sell it there may be capital gains tax owed on the profits (just as there would be for many other things).

Jen
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user6726
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