Don't say that in front of the IRS. Just because it is below the level the buyer has to give you a 1099 doesn't mean you aren't supposed to report it yourself on the tax forms.
Maybe you meant to say you lost your gold in a tragic boating accident while trying to catch goldfish.
“Just because it is below the level the buyer has to give you a 1099”
And that treatment is unfavorable compared to stocks where there is no minimum for the 1099?
“Maybe you meant to say you lost your gold in a tragic boating accident while trying to catch goldfish.”
Then they would ask why no loss was claimed.