Silver and gold as currency has started......

What gold fix will MacDonalds use in accepting a 1/10oz bullion gold coin for a Big Mac with Fries & a Coke ?
Bearing in mind ordering food is done by hitting a picture of the product on the till how will the highly educated smart servers be able to distinguish a gold coin from a brass coin or a silver coin from a base metal one ?
Sorry but this will not happen !!
 
Gold and Silver coins from the US Mint are already legal tender everywhere in
the United States, so at first I thought this was just teabagger nonsense,
but it does remove State capital gains tax from these coins (Federal
capital gains still must be declared). Not that the fine people of Utah
ever declared these taxes anyways, too much damn paperwork.
I would hate to be in the checkout line at the supermarket behind someone
using gold and silver coins to buy a shopping cart of groceries.
The clerk would have to pull up the spot price (is the coin's premium included?)
and calculate the value of the coins. A magnifying glass and a scale might be needed.
Seems like a big hassle to me.
I know all this is voluntary, but still...
I await a few YouTube videos of how these transactions really work.
 
I'd want to be paid in 'legal tender value' of Silver bullion coins :)

You can even reduce my salary to 50k, i'll be nice and only take ~800 koalas home every week :D:D:D

/dreaming
 
http://www.nytimes.com/2011/05/30/us/30gold.html?_r=1&hp

Now, however, Utah has passed a law intended to encourage residents to use gold or silver coins made by the Mint as cash, but with their value based on the weight of the precious metals in them, not the face value if, that is, they can find a merchant willing to accept the coins on that basis.

The legislation, called the Legal Tender Act of 2011, was inspired in part by Tea Party supporters, some of whom believe that the dollar should be backed by gold or silver and that Obama administration policies could cause a currency collapse. The law is the first of its kind in the United States. Several other states, including Minnesota, Idaho and Georgia, have considered similar laws.
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Old Glory is not the only company that hopes to benefit. Craig Franco, a coin dealer south of Salt Lake City, said he was finishing an arrangement with a bank to create a depository through which people will be able to spend their gold and silver indirectly, by using a Visa credit card that makes charges against the value of their holdings. Mr. Franco noted that state law, for now, left it to the private sector to figure out how conducting business with gold and silver should work.

"The regulation of the system?" Mr. Franco said. "There is no regulation of the system. We are working out the nuances of it."

Mr. Franco is among several supporters who say the law's most important feature may be that it eliminates state capital gains taxes on the sale of gold and silver, a move he thinks will prompt individuals and large scale investors outside the state to move their gold and silver to Utah. But federal capital gains taxes would still apply.
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