[GNC] Income earned in gold

[Fred Tydeman]

On Thu, Jan 2, 2025 at 11:24 AM Fred Tydeman <tydeman.fred at gmail.com> wrote:

> I have an investment in gold (so many ounces).
> That investment earns "interest" payable in gold (not USD).
> When I try to setup a new Income account,
> the only Namespace offered is Currencies.
> If I try to add a fake currency of Gold,
> I do not get the Currencies Namespace.
>
> I could guess at the price per ounce of gold at that payable date
> and record the income as USD.
>

It turns out the the investment company will issue a 1099-INT and that they
treat each payment in gold as if it were bought that day at that days price
with interest in USD.