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Skol

32,984 Posts.

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14/02/21

14:46

Post #: 50970149
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Originally posted by mogga: ↑

These fiat currencies are all considered ''legal tender''

and so is gold in the US states mentioned

Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.

So yes I can pay off a house or a car or a debt with my little gold coins in those states

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Never in my life have I ever seen anyone buy anything with a gold bar.

That is very, very eccentric.

If someone turned up wanting to buy my house, car or excavator or whatever, with a gold bar, I think I'd start laughing. A lot.

Last edited by Skol: 14/02/21
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