Some capital gains that are offset by large losses can be carried forward and booked against total income. In order to do a carry-forward, the wash-sale rule must be adhered to – the investor can not try to buy the same investment 30 days before or after the sale is made.

However, an investor can park their capital into a similar ETF strategy that tracks something from the same sector or corner of the market instead.

“In the event you are bearish about maintaining a losing investment but remain bullish about the theme, you may want to consider buying an Exchange-traded fund (ETF) to maintain that exposure,” according to an ETF Securities research note. “ETFs and mutual funds may be used to replicate a position that you are selling for the purpose of harvesting a tax loss. ETFs are generally considered to be more tax efficient relative to competing mutual funds.”

Investors who are interested in following the various precious metals assets have a number ETF options available.

The largest gold ETFs and ETNs include:

  • SPDR Gold Shares (NYSEArca: GLD)
  • iShares Gold Trust (NYSEArca: IAU)
  • ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL)
  • PowerShares DB Gold Fund (NYSEArca: DGL)
  • Van Eck Merk Gold Trust (NYSE Arca: OUNZ)
  • Credit Suisse Gold Shares Covered Call ETN (Nasdaq: GLDI)
  • AdvisorShares Gartman Gold/Yen ETF (NYSEArca: GYEN)
  • ETRACS CMCI Gold  ETN (NYSEArca: UBG)
  • AdvisorShares Gartman Gold/Euro ETF (NYSEArca: GEUR)

Gold miner ETFs include:

  • VanEck Gold Miners ETF (NYSEArca: GDX)
  • VanEck Junior Gold Miners ETF (NYSEArca: GDXJ)
  • Sprott Gold Miners ETF (NYSEArca: SGDM)
  • iShares MSCI Global Gold Miners Fund (NYSEArca: RING)
  • Sprott Junior Gold Miners ETF (NYSEArca: SGDJ)
  • Powershares Global Gold and Precious Metals Portfolio ETF (NYSEArca: PSAU)
  • Global X Gold Explorers ETF (NYSEArca: GLDX)

Some inverse and leveraged gold ETFs and ETNs:

  • Powershares DB Gold Double Long ETN (NYSEArca: DGP)
  • ProShares Ultra Gold ETF (NYSEArca: UGL)
  • ProShares UltraShort Gold ETF (NYSEArca: GLL)
  • VelocityShares 3x Long Gold ETN (NYSEArca: UGLD)
  • Powershares DB Gold Double Short ETN (NYSEArca: DZZ)
  • Powershares DB Gold Short ETN (NYSEArca: DGZ)
  • VelocityShares 3x Inverse Gold ETN (NYSEArca: DGLD)
  • Direxion Daily Gold Miners Bull 3x Shares ETF (NYSEArca: NUGT)
  • Direxion Daily Gold Miners Bear 3x Shares ETF (NYSEArca: DUST)
  • Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG)
  • Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST)
  • ProShares Ultra Gold Miners (NYSEArca: GDXX)
  • ProShares Ultra Junior Miners (NYSEArca: GDJJ)
  • ProShares UltraShort Gold Miners (NYSEArca: GDXS)
  • ProShares UltraShort Junior Miners (NYSEArca: GDJS).

Silver ETFs and ETN include:

  • ETFS Physical Silver Shares ETF (NYSEArca: SIVR)
  • iShares Silver Trust ETF (NYSEArca: SLV)
  • Powershares DB Silver Fund ETF (NYSEArca: DBS)
  • ETRACS CMCI Silver TR ETN (NYSEArca: USV)

Leveraged silver ETFs:

  • ProShares Ultra Silver ETF (NYSEArca: AGQ)
  • VelocityShares 3x Long Silver ETN (NYSEArca: USLV)
  • ProShares UltraShort Silver ETF (NYSEArca: ZSL)
  • VelocityShares 3x Inverse Silver ETN (NYSEArca: DSLV)

Silver miner ETFs:

  • Global X Silver Miners ETF (NYSEArca: SIL)
  • iShares MSCI Global Silver Miners Fund ETF (NYSEArca: SLVP)
  • PureFunds ISE Junior Silver ETF (NYSEArca: SILJ)

PGM ETPs:

  • ETFS Physical Platinum Shares (NYSEArca: PPLT)
  • E-TRACS CMCI Long Platinum ETN (NYSEArca: PTM)
  • iPath Bloomberg Platinum Trust sub-Index ETN (NYSEArca: PGM)
  • ETFS Physical Palladium Shares (NYSEArca: PALL)
  • ETFS Physical Precious Metals Basket Shares (NYSEArca: GLTR)

For more information on the precious metals market, visit our precious metals category.