[e-gold-list] Re: E-gold scam survey

[Craig Haynie]

> Maybe you should consider tracking your transactions in grams instead of
> dollars.
>
> If you are basing your business on E-Gold, then you should be using grams
as
> your base currency.  The dollar value of your transactions becomes mute.

I think you're missing the point. At the end of the year, you are going to
have to compute the capital gains tax on each transaction. If you are liable
for US taxes, then you have to keep a record in US dollars. The dollar will
only become 'mute' when the IRS accepts gold as payment, (or the capital
gains tax is eliminated :) )

Craig



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