Hard Money, Inflation Proofing

[midevilmark]

We as a group must start using "their" system against them. If we as a group started to convert FRNs over to gold and silver Eagles, we have inflation proof money, and it would be legal tender seeing as how it is made by the US mint. As a group we could define our prices for goods and services at our businesses in both FRNs and hard money. In effect we could begin to create a gold standard by default.
http://www.usmint.gov/mint_programs/?action=american_eagles

 

[forsmant]

I think they are only legal tender for face value.

 

[specsaregood]

I think they are only legal tender for face value.

I don't think there is anything as a merchant stopping you from accepting them at higher than face value. Heck, with some fancy accounting you might even be able to write the difference off as a "loss" -- if you are willing/prepared to take it to court to fight and win.

 

[midevilmark]

You would just price things in two different prices, FRNs price and Hard Money price. If nothing else it would get people asking "Why do you do that?" Then we have opened the door to talk about inflation, taxes, purchasing power, etc. It would be even better to have a flyer explaining it all in very simple terms for the masses. People absorb more when their mind is asking why, not just being lectured to. It is called "Active Learning".
PS Specs are you in NJ?

 

[NoMoreApathy]

It's a lot like how some businesses now in the US are starting to accept Euro for purchases. It's really no different than accepting gold or silver. It's just another currency. It just happens to be worth more right now then FRN's.

Anyone who realizes the future of the dollar would be a fool not to accept gold, silver, or even euro at this point.

 

[Stacey S]

How can we use silver or gold to buy eggs, shoes or pay our electric bill?

Oh yeah, we can't! Its too late for our economy, 401K's and mortgages. You would be better off buying a 50lb bag of rice than precious metal coins.

 

[Dr.3D]

Here is an article where a business paid it's employees with United States issue "Silver Eagles" and thus those only having a face value of $1.00 was able to not have to withhold taxes for those employees. Seems as if using those "Silver Eagles" might be a good idea if all else fails as they only have the one dollar face value and they are minted as coin of the realm. Thus there can absolutely be no way the government can say they can not be used to pay people. Whose fault is it those one ounce silver coins have a face value of only one dollar?

http://portland.indymedia.org/en/2007/10/366287.shtml