Who's money is it redeemable for and what is the standard unit of value of that money? And where can I go to redeemit at? Maybe it serves as a currency in some country, I don't know, but the county tax collecter does not accept them for payment here in California. They do accept federal reserve currency as well as lawful money.
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You can't pay the tax collector in money either you can only pay in fiat currency. I bought some silver from goldsilver.com with bitcoin, so it is redeemable for money(gold and silver).
Actually, the tax collector will, and must, accept money (gold and silve coin) but only at face value, not fair market value or spot value.
What you did with goldsilver.com is barter with bitcoin. If bitcoin were redeemable it would be for the same amount today as when you thought you redeemed yours last time. No less and no more.
Spekkin of the tax collector. How would you like to be the guy who converted some bitcoin to "king" dollars and then plowed it into a home purchase in the past month or so? 1 year from now his house will be worth 50% less than what he paid...plus he will owe the I.R.S. capital gains tax on his bitcoin conversion. At least he will be able to stay in his house (without paying the mortgage) for 2 years. :-)
No. I want to be the guy who buys a property listed at 1.2million for $45,000.00 face value of gold coins. No converting necessary. Price stated on the deed is the price paid.
Also, I am the guy who bought a used car in January of this year for $65.00. Can you guess what price the transfer tax was based on? It wasn't the asking price of 1750.00 I can assure you that. ; ) Now think about that!
If you are going to be (or feel you have no other reasonable option to) paying taxes, would you rather pay 8% of one million or 8% of one thousand?
It's good to have "hopes" and dreams. Your scenario for gold is more like "wishful" thinking though. But nonetheless I will be there for you at Gold $750 as Bank of America is filing for bankruptcy in April or May 2018. I'll be at least "thinking" about it anyhoo. How much lower gold trades at that point will depend on whether or not you agree to take a 50% pay cut and watch your 401K plan collapse into the pile of worthless paper you think "king" dollar will be. If you vote >>> "Yes! You already screwed my kids out of their future in 2008..so please screw my grandkids out of their future too, Mr Congressman!"...then yes, I will be there for you at gold $750.
The face value of all my gold and silver coins cannot change unless they are melted and reissued at another rate.. They are guaranteed to be accepted at face value as long as the current regime remains in power.
I feel sorry for your children and grandchildren that they have you, a common joe, who understands not what he reads and knows not the context of a discussion that has previously taken place.
Come to think of it, I think I recall reading a tirade you wrote the other day to someone who said you posted spam. How pathetic you come across in your posts.
Also, what have you got against spam? I luv spam! Make mine spam, spam. spam, eggs, bacon, and spam!
Ah, so you are admitting you know nothing about "value." And stop spewing lies! If I come across one of my spews I always wipe it off before posting...so that even YOU can enjoy! :-)