How to solve

RESEARCH CASES

A client recently exchanged $200$ ounces of

gold bullion $($adjusted basis, $$60,000,$ fair

market value $$100,000)$ for $1,500$ ounces of

silver bullion $($fair market value $$100,000).$

Will this exchange qualify as a nontaxable

like$-$kind exchange under Code Sec. $1031?$