[memphis]
Web wheeler
- Joined
- Jun 6, 2020
- Member Number
- 1867
- Messages
- 744
I’m just day dreaming but the flying with $10,000 worth of gold coins post a few weeks ago got me thinking... but from a capital gains point of view...
Say a $100 face value gold coin has a market value of $1000. If I bought a $100k property with 100 gold coins, legally did I only purchase that property for $10,000? Could the same go for selling? I mean if it’s legal tender it’s legal tender right?
Say a $100 face value gold coin has a market value of $1000. If I bought a $100k property with 100 gold coins, legally did I only purchase that property for $10,000? Could the same go for selling? I mean if it’s legal tender it’s legal tender right?
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