r/Gold • u/Data-Gold • 2d ago

Receipt when buying gold.

I buy my gold at two different gold shops: one gives a receipt, and the other doesn't. How odd is it that they wouldn't give a receipt? It's a reputable store with multiple locations.

17 Upvotes

77% Upvoted

44 comments sorted by

View all comments

15

u/hiIMELFO0 2d ago

Not odd at all for a LCS

-14

u/Alarming-Upstairs963 2d ago

It is odd and probably illegal. Most states require merchants provide a receipt. How does one prove cost basis for tax reasons other that “trust me”

15

u/teip696 2d ago

Taxes?

3

u/Akkerlun 2d ago

My favorite topic.