Paid in gold

[Greg D.]

I bought my first gold yesterday. I had a tenant that only had 1/2 the rent due and off the cuff asked if she had any jewelry she'd like to sell. I've never bought any gold and don't even own any jewlery.

I have a small gram scale I weighed it with, went off the engravings for purity info, and Google'd current gold rates. I paid her half of what Google said was the value. I'm thinking that I'll even hold onto the gold.

What are your thoughts in what and how I did?

[Greg D.]

I actually bought the gold and she paid cash for the rent. Thought it would keep the books cleaner.