I have two 1-ounce bars of gold that were given to me with no records from a friend a couple of years ago. I want to pass them along to my son and daughter as Christmas gifts, one bar to each of them. I would not want them to have to pay capital gains on the entire amount when they choose to sell them. I don’t know how to establish the base price. Does anyone have any instructions on how to do this correctly and establish a record?
