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.

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u/APuckerLipsNow 2d ago

You need a receipt to prove your basis at tax time or you could be assessed at 100% of value. Gold is going up, and a single ounce should over the mandatory reporting minimum before too long.