DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Utah House stamps gold, silver as legal tender

**WXQMQFIr** · 04-08-2011, 07:36 AM

People will buy with fiat instead, of course. Why part with silver if you don't have to.

But also this could make it simpler for two parties to create an agreement with the nation's coin, a GAE for example, and avoid FRNs if they both agree to. Would tax liabilities on the sale of manufactured goods then need to be calculated in conversion to FRNs? I'm not a tax advisor but I think something like this would be a step in the right direction even if it didn't see much use early on.

04-08-2011, 07:36 AM	#10
WXQMQFIr Join Date Oct 2005 Posts 381 Senior Member	People will buy with fiat instead, of course. Why part with silver if you don't have to. But also this could make it simpler for two parties to create an agreement with the nation's coin, a GAE for example, and avoid FRNs if they both agree to. Would tax liabilities on the sale of manufactured goods then need to be calculated in conversion to FRNs? I'm not a tax advisor but I think something like this would be a step in the right direction even if it didn't see much use early on.
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