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Gold is money and silver too.

Cigarlover

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#1
There's a reason it has a face value on it. It was mandated in 1986 when they brought the gold coins back. Why does it have a face value? because it's money. Simple as that.

Do you have a right to work and earn a living? Of course. You also own your labor and as such can contract your labor for whatever you like. As long as it's legal of course.
So if you do some work for the farmer you can accept a cow as payment. Or 10 chickens or bushels of corn. If your a plumber or electrician or carpenter or any craftsman you can write your contract anyway you like. If people want the work done and your rep is good they will pay. If it becomes a make or break deal you can always ask for FRN's as a last resort. Thats all part of negotiating your contract.

If your going to work for a company you can certainly ask for payment in real money. They will probably refuse. 95% of Americans are clueless as to what real money is anyway. Just one more reason to be self employed and create your own terms for work.
That doesn't mean your write your contract for say, building a deck for 5k and then expect to get 100 gold eagles. You would adjust your contract to reflect market value so you would then build a deck for 160 or so real dollars payable in gold eagles.
The gold standard does exist and you alone have the power to decide if you want to get paid in FRN that lose value or real money that holds it value.
 

GOLDBRIX

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#2
Do you have a right to work and earn a living? Of course. You also own your labor and as such can contract your labor for whatever you like. As long as it's legal of course.
That didn't work out for the guy in Nevada sometime back. He was paying his help in Gold A.E.s and Silver Eagles. He was using the face values to report as taxes for him and his employees.
Court sided with the IRS ( imagine that).
So just because .Gov stamps 50 /25/10/5 and 1 on coins doesn't mean the IRS will.

Best of Luck to Ya.
 

Cigarlover

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#3
That didn't work out for the guy in Nevada sometime back. He was paying his help in Gold A.E.s and Silver Eagles. He was using the face values to report as taxes for him and his employees.
Court sided with the IRS ( imagine that).
So just because .Gov stamps 50 /25/10/5 and 1 on coins doesn't mean the IRS will.

Best of Luck to Ya.
Yes that was the "Kerry" case IIRC.. Might have the name wrong.
Actually the problem was not that he was paying them in real money and reporting the taxes as such. The problem came because he set it up as a tax scam and paid his workers in real money then bought the real money back with FRN's.
If he would have just paid them and sent them on their way he probably would have won. The way he did it was to essentially help the employees scam the IRS. When they sold the coins back to him that created a tax liability in the IRS eyes. The requirement there would be to pay the capital gains on the difference between the 50.00 face value of the coin and the 1400 real value that they sold it for.

It was an interesting case and hats off to him for even attempting this but he screwed up when he bought them back.

He could have avoided jail time in 2 ways. 1, as stated above. Pay them and they are on their own to make decisions with their own money.
The 2nd would have been to refuse to become a withholding agent on Americans living and working in the US. A with holding agent withholds fund for foreign aliens working in the US or earning domestic income. There are some other special circumstances as well but for the most part if your not an officer of a corporation, a state or federal rep or worker than your just an American going to a job everyday exchanging your labor for money and congress has never imposted a tax on that activity as that would be a direct tax which is only possible through apportionment per the constitution.
 

EO 11110

CENSORSHIP KILLS
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#4
That didn't work out for the guy in Nevada sometime back. He was paying his help in Gold A.E.s and Silver Eagles. He was using the face values to report as taxes for him and his employees.
Court sided with the IRS ( imagine that).
So just because .Gov stamps 50 /25/10/5 and 1 on coins doesn't mean the IRS will.

Best of Luck to Ya.
those were commodities, not money per 1792 specs

trouble is.....paying money is expensive. min wage is 7 bucks? that's 7 silver dollars.....something like 80 frn per hour (in silver). bad money chases out good...

:surrender: