|
|
|
|
|
|
by nradov
2254 days ago
|
|
|
What exactly is the mechanism by which Comex would go bankrupt? Commodity delivery contracts are still legally enforceable through the court system, although some civil cases may be delayed several months. Gold is a commodity, not a currency. I can't pay my tax bill in gold. |
|
|
It was actually a currency longer than Federal Reserve notes were in existence. Not sure why you'd pay your taxes in gold, but you can, only it would be based on the face value of each gold coin.