Why FIFO Lot Matching Matters
When you sell physical gold or silver, the profit or loss depends on which specific purchase lots are matched against the sale. FIFO (first in, first out) is the most widely accepted method for matching disposals to acquisitions. It ensures that the earliest purchases are allocated first, providing a consistent and auditable cost basis for each sale. BullionPulse applies FIFO automatically to every disposal, calculating per-sale realised P&L without manual spreadsheet work.