<prompt> Human: I am building a computer for a a friends father he has a budget of 1,200 and would like to pay me in a single 1 oz gold bar. Is this legal? do I have to report this to the IRS or claim it on my taxes? I know I can walk into a bank and they will give me 1200 for it but I think I should hold onto it. can you guys give me any sound advice?i have a friend who works in a pawnshop and he says that its real and offered him gold value at the time so i am not concerned about the legitimacy of the gold  <response>: Sometimes there exists a gentlemans agreement between two, trusting parties. They alone need know the details, and what benefit this private agreement brings to either. 