It seems trivial right now, but as the price of gold runs up to $20k/oz and more then they’ll presume you got it for $2k/oz unless you can prove otherwise. We’re at the start of an inflation doom spiral and at a certain point it will basically all be taxed at the highest level. And when things start to actually fall apart they’ll come to confiscate it.
How would they know how much you paid and when?
It seems trivial right now, but as the price of gold runs up to $20k/oz and more then they’ll presume you got it for $2k/oz unless you can prove otherwise. We’re at the start of an inflation doom spiral and at a certain point it will basically all be taxed at the highest level. And when things start to actually fall apart they’ll come to confiscate it.