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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Enigma who wrote (37315)	7/18/1999 8:12:00 PM
From: Zardoz	Read Replies (2) of 116764

Say I decide to buy a VCR and go to the store and offer a in payment (with some change back hopefully). the store will ask me to go to my bank, or coin dealer, and come back with the cash or cheque to pay for the VCR. Krugerrand: South Africain Coin. That's because the gold is not Legal Tender. But never the less it is convertible to a currency. Which is why you have to go to the bank or coin dealer {depending on what premium you want to loose}. But a $50.00 US gold coin is legal tender and if it's Gold's worth $45, the shop owner must accept it as $50.00 or be liable under the law. Sure Richard's store would be happy to take gold bar's, but then I'm sure he'd charge you a surcharge for processing, I would. But Wheat is not a legal tender in USA. And I doubt you could take 50 bushels to the granary to get cash for it. Is it not quota'd in the USA? Hutch No one wanted the Susan B. Anthony Dollar coin eithers, but you still are required to accept it. PS: I'd accept your cheque if you have a credit card to back it up with. PPS: Wonder if Harmon store takes Canadian at par... They are just accross the border today on Gas. Saved 35%.

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