> the interesting thing is the mirror statement is true: > > 4. The value of my holdings doesn't fluctuate as it does with Paypal. If > I have AUG 100 in e-gold, it remains as AUG 100. And I don't have to calculate > dollars to grams. As a retailer I have a simple process: I have a product; > you want a product; I sell you that product; you pay me for that > product. I don't want to know about USD, price fluctuations, etc.
However, as a US resident, I have to pay taxes is US dollars. When selling products for gold, I have an incredibly difficult tax procedure to follow. I have to calculate the value of gold in US dollars for each sale, when the sale is made, as this is considered income on my income tax form. THEN I have to enter the gold into a capital gains table so that when I sell the gold and take payment in dollars, I can calculate the correct capital gains tax. It's very complicated. Craig --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
