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Yeah except this can’t actually “be used anywhere”. > Over 500 businesses in Utah were contacted and asked if they would take gold as payment. Sure, if you ca
by jen729w 6y ago
Yeah except this can’t actually “be used anywhere”.
> Over 500 businesses in Utah were contacted and asked if they would take gold as payment.
Sure, if you call them and set up the pitch and go through it all, I can see how 50% of people would find it interesting and say, yeah, sure, I’ll take that. But that’s not science, and is why we do things like double-blinding tests so that the participants don’t know what’s going on.
Walk in to a place unannounced and try and buy a coffee or a t-shirt or a PlayStation with them Goldbacks and see how far you get.
- credit_guy 6y ago> 50% of people would find it interesting and say, yeah, sure, I’ll take that And then when they hear that possessing physical gold will complicate their tax returns, they'll change their mind right away. A more precise percentage of businesses interested in actually accepting Goldbacks is 0%.
- weaverheavy 6y agoGold and silver are considered legal tender in Utah. There is no capital gains tax when you barter with it or exchange it for federal reserve notes. https://le.utah.gov/xcode/Title59/Chapter12/59-12-S104.html?v=C59-12-S104_2019051420191001 https://le.utah.gov/xcode/Title59/Chapter12/59-12-S104.html?...