Florida legislative sources state they will correct the shortfalls as it evolves.
One shortfall, US Gold Eagles are 91.67 percent purity. In any case, this is a wake up call as to what is happening to the ex-almighty USD. Stay tuned.
A much better plan than chasing a bitcoin dragon.
Brass,Copper and Lead not Far Behind.
The Publix cashiers will be totally confused now.
Armstrong, Charged in $1 Bln Theft, Finds Serenity in Jail
Feb 16, 2000 — Jail seems to agree with Martin Armstrong, the former trader charged with bilking Japanese corporations of almost $1 billion.
Well there’s a pointless waste of time. Nobody’s carrying gold coins. Much less making change for $3,305.50. Or whatever the price is on a given day.
You’ve triggered your favorite thread spammer, we see!
Texas also accepts gold and silver as legal tender.
From Grok ...
Yes, Texas accepts gold and silver as legal tender. The Texas Bullion Depository, established by House Bill 483 in 2015 and opened in 2018, allows gold and silver to be used as legal tender within the state. Specifically, Texas Government Code Section 2116.023 states that gold and silver bullion deposited in the Texas Bullion Depository are considered legal tender for all debts, public and private, within Texas. This applies to bullion meeting specific purity standards (e.g., 99.5% for gold, 99.9% for silver) and issued by the depository in forms like coins or bars. However, federal law still governs transactions involving U.S. currency, and the practical use of gold and silver as legal tender is limited by market acceptance and federal regulations. For example, their value in transactions is typically based on their market value in U.S. dollars at the time of the transaction.
“the dealership has the burden of verifying the spot price of gold or silver”
I doubt many businesses will want the hassle of dealing with a volatile form of payment.
Gold was $3,300 when the customer bought their merchandise last week - now it’s $3,200 - now it’s $3,150 - oops!
Of course, it can go the other way, in favor of the business. But how many businesses will want to take the chance? Probably none, other than the Mom and Pop kind.