If I were to use Bitcoin to buy something that doesn't lose value, such as gold

[byronbb]

still laughing at the idea Gold doesn't lose Value - have you checked out the price of Gold/BTC over the last four years.
Even Gold vs USD might give you an indication that gold can lose purchasing power over the short term. If you have twenty years to wait then ok, but you might have said that in 1980 and cashed out in 2000 with about 60% of what you invested originally.

Gold/Silver investing really should be thought of as retaining value, rather than say, owning a speculative stock in the hope of making gains. $1 in pre-1964 coins is worth $13.5 today. $1 in pre-1964 fiat paper is still worth $1.

[STT]

The usual mistake here to over invest.  How many people here need to own gold and how many have a tax bill to pay, problem is you need to own fiat and not many of us are jewellers or about to marry

  It keeps its value, problem is we dont have that much time and taxes are annual so maybe gold does look bad as demands elsewhere can be far greater.
  Ironically the people who should keep gold are those who can last 100 years or more like government or banks and similar but now they dont value it which means we have to learn the hard way again

http://www.dollartimes.com/inflation/inflation.php?amount=100&year=1929

100 dollars fiat  1929
1370 dollars adjusted for inflation 2014 - lets say the bank pays this in interest and so you were a saver but a saver of fiat all the same. call it 2000
100 dollars 1929 got you 5 or 4 ounces of gold.  Round it down for fees and call it 4oz.    Thats $5000 now or a fire sale car ?  see below, the value was kept

[okthen]

This is the solution I've been thinking about (though many bubbles need to pass for me to cash out).
But I've also been thinking of two way atm's, I just didn't have the chance to try one yet. Probably this wouldn't be the solution for large amounts tho.

[Harley997]

First of all, I know I'm going to have to pay taxes on my bitcoin. Yes, I know this is partially against what the foundation of bitcoin is etc. etc., but I believe just because you can do something doesn't mean you should. Risk/Reward is also devastating. I'd rather pay 28% on my gains than spend time in jail, or have a criminal record.

So besides that, I know that you can't get taxed if you spend bitcoin on items. I would want to buy something that doesn't lose a lot of value quickly, such as gold. If you have another idea for this, please let me know. Gold was just the easiest I could think of.

Situation: Bitcoin goes way up in a bubble like scenario, and I want to cash out. Could I buy something, like gold, and hold onto it for a year, then sell so I don't get short term capital gains? With long-term capital gains, I may actually be able to get into the 0% tax bracket, so I stand to gain a lot this way.

Is something like the above feasible? Or is there an easier way to do it?

I don't think this is how this works.

You should consult a tax attorney/professional for tax advise however below is my interpretation of how BTC is taxed:

on 1/1/14 The price of BTC is 800 - you buy one BTC for 800
on 9/1/14 the price of BTC is 4,000 - you sell one BTC for four oz of gold - the value of this gold is 4,000
on 10/1/15 the price of gold is 1100 per oz - you sell this gold for 4,400

You would owe taxes on $3,200 gain of your one BTC that you bought on 1/1/14 and sold on 9/1/14 for the 2014 tax year. This would be taxed at the short term capital gains tax rate.

You would owe taxes on $400 gain on your 4 oz of gold that your purchased on 9/1/14 and sold on 101/15. Since this was held for more then one year you would be taxed at the long term capital gains tax rate. This would be taxed in the 2015 tax year.

[sukamasoto]

maybe buy a house and land where good investment.
Gold is also the right choice, but you should be wary of inflation in your country