Isn’t this the same scheme as Liberty Dollars tried with silver? It was working pretty well, iirc until the federal reserve dropped on the dude because they didn’t like competition from a domestic PM backed currency.
That’s a good point
Peter is well versed in all this if someone can pull it off it’s him but yes, the feds might take notice if they see it as a threat.
He will make sure it’s all done by the book
I’m certain of that
But the compliance costs will have to be passed on in the form of fees/commissions to do something like this.
Will it be worth it or just a novelty? I don’t know. It depends. However, he sounds like he’s going to try.
I wish him luck with it.