Is allowing people to pay bills with gold or silver a bad idea?

Canada? Ours in Ontario used to be 15%, now it’s only 13%, but that looks weird. Other provinces still have 15%.

My home Wi-Fi cannot transmit gold or silver, only electrons.

It’s all just quarks under the hood. With an appropriate transfer function you could send them plenty of gold. :wink:

Quarks is quarks.

At best it’s just nothing; as said, people can already pay with gold and silver. It’s just that most other people and organizations will demand money, instead. Most likely it’s just a scam, goldbugs are so very scammable.

Philly has a 1.5¢/oz soda tax. Back when Mickey D’s still had any sized drink for $1 I was in the shitty & was thirsty so I pulled up to the drive thru & ordered (just) a large drink. He told me it was $1.73!!! I told him to keep it as I wasn’t thirsty enough to pay a 73% tax; especially, when it’s only 6% outside of the city.

I’m waiting for someone to pay their state tax bill by taking a picture of some gold coins and sending it to the state.

I wonder if this is just the starter for Florida to have goldbacks and the creation of silverbacks.

It’s 1.75 cents per ounce in Seattle, but only for sugary drinks. Sugar-free drinks are exempt.

It’s taxed on distributors not consumers, though sellers might raise the price to compensate.

Upthread @bobsmom101 said that goldbacks are already legal currency in Florida.

My dad bought a few “certified” gold coins. They were sealed in clear plastic rectangles with stickers on them. The cost for “certifying” them was added to the cost for the coin. When my mom died and we were selling off most of their estate, they had gone up enough to cover the cost of the certification, but they hadn’t gotten much further than that. (He kept receipts.)

The coin shop we sold them to was happy to accept the certification, so that part was good. The much better deal were the dimes and quarters that he pulled from his change when those coins went from silver to copper clad. Both Dad and Mom’s second husband did that.

I can’t speak for others but I will not accept silverbacks!

Hell yeah its a bad idea. Can you imagine the congestion at the check out?
The children clerks can’t count regular American currency and coin. Throw another thing in there and they might implode.

I ain’t got no time for that crap.

“You might be interested in our upgraded wifi service, then! I think you’ll find our rates surprisingly affordable. Payment is due upfront, cash only.”

Remember SamClem? He owned a coin store. He said that nearly every collection that someone spent a lifetime collecting was worth ‘the market price of the silver plus five dollars’. I never saw any reason to doubt him on this.

Re Gold and silver certificates

I own one. It is definitely worth more than Mom paid for it. It is a Confederate Silver Certificate with a face value of IIRC twenty dollars. I can’t be sure as I am out of state at the moment.

I got curious and looked up what something like that might be worth.

The price seems to vary immensely, and as far as I can tell depends almost entirely on the condition of the note, not the amount printed on it.

However, it’s almost certainly going to be more valuable than twenty modern US dollars. The lowest price I see is $48. Though that’s what a collector can pay to buy one; if you took it to a dealer or pawn shop I have no idea what you’d get for it.

It is behind glass with a bunch of other ephemera some of that also dates to the Civil War. OTTOMH there is a card advertising a local food store and giving a list of prices for common items. A five pound bag of sugar was fifteen cents. The side of all the items that can be seen are pristine

However, in the states that allow them, they exchange at the current purchase price, not the (lower) gold value.

42 states do not charge sale tax on bullion. If you buy bullion online the dealer will follow your state’s law.

and I used to hear commercials on the (streaming) radio for them, here in South Florida. I’ve considered starting a thread about them several times.

Rick - I got a buddy that knows all about subatomic particles, let’s see what he says.

Buddy - Electrons aren’t made of quarks at all, the Standard Model shows they’re an entirely different type of fundamental particle.

Rick - Best I can do is $20.