[SkinnyPupp]

Originally Posted by Hehe

I'm not buying the argument.

gold has nothing fundamental that create value for it. One can argue all he wants, but gold is what it is... a bunch of metal that takes a lot of mining equipment to come up with.

The only thing (for now) is that the government has not recognize it as such and thus there is no real/legal way to tax you should you choose to keep your holdings in gold.

Nevertheless, the more mainstream gold becomes, the more gov. control would be laid on top of it; making the original intention pointless.

Yes, with gold design, one could argue to never claim anything on their taxes... but if one ever tries to convert gold (however its value) into something gov. has control on, you can bet they will want a cut from it.

Good points

However nobody has said that the profit made from selling gold (or bitcoin) for dollars shouldn't be taxed. Not sure who you are arguing with there