How do I report on my tax return loss/gain from investment in precious metals?

Do I report it the same way as I do stocks?

I asked several people about how to report on tax return loss/gain from investment in precious metal. Some say you don't need to report on you tax return.
Do you have any advice?

precious metal gains are reported a little differently than other investments. They fall under a 28% tax rule rather than the normal capital gains rule. Considered collectables. Indeed many people do not report them if it was a cash transaction and untracable.

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