[Pugchief]

Originally Posted by oneclickplus

Ummm, according to the US constitution, gold and silver are the ONLY legal money. Money itself can not be subject to a capital gain. There is no capital gain when spending that gold for anything including fiat paper currency. Valuing gold in fiat currency or land or food or goats does not constitute any gain. It is fraudulent for the USG to value everything in fiat dollars in order to confiscate / tax any perceived gain. Gold and silver (constitutionally) are not subject to any capital gains.

Try reversing your thinking. Gold is not $3300 / ounce. Rather:
a fiat dollar is worth 1/3300 of an ounce of gold (today)
a loaf of bread is 1/660 of an ounce of gold
a new car is worth 10 ounces of gold

Eventually, a fiat dollar will be worth nothing but a loaf of bread will still be 1/660 of an ounce of gold or other adjusted value (supply / demand). Same with cars, furniture, ovens, cattle, etc.

Good luck using that explanation when the IRS comes calling.