Charging capital gains taxes on gold and silver punishes savers, Peter Spina argues

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Gold and silver taxation debate intensifies

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Artem Shendetskii

30.08.2026

Charging capital gains taxes on gold and silver punishes savers, Peter Spina argues — Gold and silver taxation debate intensifies

Peter Spina, CEO at GoldSeek.com, criticizes the imposition of capital gains taxes on gold and silver, arguing that these metals should be exempt from such taxation.

He contends that taxing constitutional money like gold and silver penalizes conservative savers who seek to avoid the effects of inflation, labeling the practice as unjust.

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Spina previously reported that China imported 865 tons of gold in the first half of the year, up 90 percent from the prior period. He has also noted that gold prices climbed to $4,434 per ounce overnight in New York. These developments come amid continuing debate on gold's tax treatment.

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