Hacker News new | ask | show | jobs
by notyofriend 923 days ago
By using as collateral you realized the gains because they became tangible and usable.
2 comments
georgehm 923 days ago
No they didn’t because until the loan is repaid you can’t use whatever gold you put up for other purposes can you. What became tangible is what you used the loan for , that is what can be taxed.
link
fxd123 923 days ago
Collateral is explicitly not tangible and usable. The whole point of collateral is that the unrealized gains are held in a illiquid limbo
link