Gold explained

Into the Night said:
Gold is currently not used as currency except to settle some international trade and in Iran.
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The clueless continue to to fail to keep up.

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What States Accept Gold As Legal Tender? - OWNx
Several U.S. states have legislation recognizing gold and silver as legal tender, allowing their use as currency. These states include Arizona, Indiana, Kansas, Louisiana, Missouri, Oklahoma, South Carolina, Texas, Utah, and West Virginia. Some states, like Utah, have specific laws like the Legal Tender Act of 2011 that explicitly allow U.S.-minted gold and silver coins to be used as legal tender.

Here's a more detailed look:

Passed the Legal Tender Act of 2011, making U.S.-minted gold and silver coins legal tender.



Acknowledged gold and silver coins as legal tender in 2013.



Recognized gold and silver U.S.-minted coins as legal tender, exempting them from taxation.



SB100 declares gold and silver legal tender, at spot price plus market premium, for payment of debts, taxes, fees, etc., according to Missouri Senate (.gov).



Previously passed HB 2014, which removed capital gains taxes on precious metals and recognized them as legal tender, according to Goldback.



Senate Bill 99 declared U.S.-minted gold and silver coins as legal tender and exempted them from taxation, according to Priority Gold.



The state's bill defines "specie" as coins with gold or silver content and would enforce contracts specifying payment in such specie.

And more are going to follow. See if any Indian immigrant or Korean or African store owner will turn down gold. lol never met one would.
 
EdwinA said:
Your dishonest babbling is only for entertainment, not serious discussions. You went to Six Flags and didn't see anybody using gold, lol
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How would a store use gold? Let's say I want to buy a candy bar in Tokyo, how would I use gold to buy that candy bar? How would the store clerk know how much gold was there? How would he know the purity of the gold? Walk me through the details of your delusion.
 
Walt said:
How would a store use gold? Let's say I want to buy a candy bar in Tokyo, how would I use gold to buy that candy bar? How would the store clerk know how much gold was there? How would he know the purity of the gold? Walk me through the details of your delusion.
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How would you get to Japan? Your Mom doesn't give you that kind of an allowance.
 
Walt said:
Buy s plane ticket, with US Dollars, and fly there.

You claim that all the stores outside the USA and Europe accept gold as payment. I just have not seen that, nor met anyone who has seen that.
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So you still make up strawmen when you can't rebut anything. Okay.
 
Walt said:
How do central banks consume gold? I thought they stockpiled it. Are you telling us that the gold they get will never again be used as gold?

The reality is that gold is mostly circulated, while many other materials are consumed. The gold dug up in the Roman Empire is still circulating.
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Pay attention to the conversation, Wally.
 
EdwinA said:
It goes in and out of accounts same as any other currency does. You think Russia and Iran take Indian Rupees and Chinese yuan for their oil shipments form their 'allies??? You think they will take Russian Rubles for anything?
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In theory, you can transfer digital gold in accounts, but it is difficult, and rare.

Both China and Iran are attempting to take Chinese Yuan, but there are problems with it. Gold would be even more problematic.
 
Walt said:
In theory, you can transfer digital gold in accounts, but it is difficult, and rare.

Both China and Iran are attempting to take Chinese Yuan, but there are problems with it. Gold would be even more problematic.
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lol no, it isn't 'problematic'; they both have shit paper currencies. That Mighty BRIC scam is merely a deal to trade in gold disguised as a replacement for the dollar, and as we've seen no different than what is going on in many of our own states. I can use dollars nearly everywhere as well as gold, though, where the convenience factor dominates.
 
Walt said:
I know I am making a lot of money off the rise of gold, but I question the worth of gold. Money can be used to pay taxes, and to buy goods and services from other people who might want to pay taxes. Money is infinitely fungible. Gold is non-corrosive, conductive, shiny, and kind of pretty; these are hardly things of amazing worth in the modern world.

And gold is so heavy and difficult to exchange. It is difficult to use in commerce.
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these qualites are why aliens created humans to mine it.

you're dumber than a shit knob.
 
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