Precious Metals

[Tom]

I ran into a problem creating accounts for i.e precious metals.

Lets say I bought gold for USD 1000 and silver for USD 1000 one year ago.

Lets asume gold is now worth 1200 but silver 900.

While I have my purchase price in the accounts I would like to create a profit/loss account where I would create a transaction + 200 for gold and -100 for silver.

So my total in the precious metal account would be 2100 (1000+1000+200-100).

The problem is that if I create an asset account no negative numbers are allowed, the same goes with a saving account.

How can I bypass this problem, what kind of account(s) would I have to create to get positive and negative numbers into an asset account.

The easiest way I thought about was adding a minus - before the value but this does not work.

Thanks in advance
Tom

 

[stanbusk]

One solution would be to create an income account and add transactions to debit that account and credit your gold account. That would be something like this.

 

[Tom]

Hi Stan !

Okay, that workaround did actually work.
I´ve read that you are working on some protfolio things.
Will they include a true solution for my problem?

Cheers
Tom

 

[stanbusk]

I believe so but since the feature doesn't exist yet we will have to wait and see.