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To: yard_man who wrote (119031)	8/31/2001 1:07:12 PM
From: John Graybill	Read Replies (3) \| Respond to of 436258

That reminds me of a tax puzzle for the CFZ: Let's say that I sell my house next spring and pocket $275,000. Then I go and buy one-ounce Eagles or Krugerrands with it at spot-gold price, which let's say is $275, so I get 1,000 coins. A year later, let's say just for laffs that gold is now $375. Rather than cashing in my coins for dollars, I contract with a builder to build a house for me for the consideration of "1000 Krugerrands". He builds it, I hand him 1000 Krugerrands, he calls up his favorite bullion dealer and cashes them in and gets a check for $375,000. QUESTION FOR THE CFZ: I say that I have no tax issues on those Krugerrands. I used 'em in commerce, end of story. Anybody see any way the IRS has a beef with that?