At this rate in another few decades that 60k for an old home will be worth about 14 million. What a joke...
Hmmm...
House sold in 60’s for 60K fiat = $480 (24) Double Eagles
Current - $1,000,000 = $8000.00 (400) Double Eagles
Doesn’t look like it passes any taxable threshold :-)
You CAN do that also, as long as you don’t get schemey/greedy and try to advantage the Lawful money side and then borrow its fiat value out (the FAIL encountered by someone who was operating for a long time under this and then apparently wanted more “stuff”).