How to account for precious metals (gold, silver, platinum, etc.)?

[Brucanna]

@andrius

Since these precious metals are without a fixed price, which changes from time to time,

Which is exactly the same as share market companies listed on Stock Exchanges - without a fixed price, which changes from time to time (in fact daily).

@andrius

I need to track it in my accounts somehow

Then treat their purchases as “investment” Inventory

@andrius

enter exchange rates accordingly

Not exchange rates, you do market valuation adjustments as @danielgalindezm described with “you’ll have to calculate outside of Manager and record a journal entry to update the value for the whole ‘Inventory’ hold” - read post #4 in this topic for an example

Market Adjustment for Shares

I’ve read several threads now about how people are using manager to track shares and I’ve started to do this too. I’m only dabbling on a very small scale at the moment and am in the market for short term gains (and hopefully no losses—otherwise, then I’m an investor ;P). I understand and I think I would prefer to treat them as an asset and the purchase of the shares is easy (except I was conflicted whether to create an expense account for brokerage, or treat it like an inventory item that has a…