Zakat on early retirement money into gold

Zakat on early retirement money into goldCategory: ReligionZakat on early retirement money into gold
Yasir asked 2 years ago

Asalam o alykum
My question is if someone takes out money early from 401k retirement account with intention not to  get it devalued because of fear of currency future and paid  early takeout penalty and taxes on it . The money he received then invested in buying gold or silver at certain price so does it mean zakat is due on it now? 
If yes then second part is how it will be  calculated say price of gold went below  from what he bought at? Then its a loss from original value is zakat due on that gold/silver?
 
JazakAllah