[GNC] Accounting for gold coins
Michael or Penny Novack
stepbystepfarm at comcast.net
Thu Feb 28 10:28:14 EST 2019
On 2/28/2019 10:01 AM, Gary Holtum wrote:
> Adrien,
>
> Thank you for the detailed response. I will work on the steps you describe but I am beginning to think GnuCash is not suited for providing the data I would like. Maybe an Excel spreadsheet would be easier. Thanks again for your expertise.
>
> Gary
The suggestions that have been made to you were based on the
assumption "automatic calculation". Since manual would more or less be
your situation using a spreadsheet, you should compare THAT to using
manual processing in gnucash.
There would be nothing special about accounting for a fixed asset that
just happened to be gold bars compared to a fixed asset that was an
antique car (that you periodically remarked "to market"). Notice that
this is what you would have to do if the gold or silver coin that had
value OTHER than just as bullion. Or "stones".
Michael D Novack
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