4 ms·

Sure, it's a fair argument that gold + paypal may be superior to bitcoin.

• arcticbull 6y ago
  You can simplify this even more. Open an InteractiveBrokers margin account and request a debit card. Fund the account, purchase gold (futures, GLD, whatever) and spend on your IBKR debit card. This will pull from your margin. Your margin interest is ~1% and tax deductible. Settle up your account as you see fit.
  • yunesj 6y ago
    I use IBKR margin, but didn't realize it was tax deductible!? Thanks for the tip!
    • arcticbull 6y ago
      Yes, you can use it to offset capital gains. Also, depending on your largesse, consider tax-aware borrowing. [1] [1] https://csq.com/2018/04/geoffrey-berlin-private-wealth-tax-awareness/ https://csq.com/2018/04/geoffrey-berlin-private-wealth-tax-a...