Bailey
👤 SpeakerAppearances Over Time
Podcast Appearances
So if you are interested, you must go there.
They are created by a different organization, but JM bullion has exclusive rights to sell them.
So the, and they are gold, they are gold and they are still sealed in polymer, but it's gold.
It's, it represents gold.
It is in certain States.
It is accepted as currency within the state.
And then some of the,
States are trying to formalize that process and say, you, this is basically because at a federal level, they govern how, what is accepted as currency.
That's why it says on the dollar physical dollar says this is legal tender for all notes, public and private, right?
All debts, public and private, because the feds dictate what can be used as actual currency.
When we say currency, actual currency, we're referring to something that equates to Fiat.
dollar value so they're saying that if it equates to fiat dollar value we run the game same as crypto you can exchange you can trade all you care to irrespective of the dollar you can say i got a tv it's a 70 something inch tv you know if you want my tv fine what is what do you have that i might want regardless of its dollar value and then we do a trade right like right now i have a backup tv it's a i think it's a 55 inch tv
And if the backup, if something happens to my large TV, which actually happened and I was pissed off, then this guy serves as the backup until the other one's replaced.
Well, let's say I got down the road and I said, what's the point of having a backup?
I'll just get the new one and I just will live without the TV.
Somebody might want my 55 inch TV.
Somebody might not have the money to do it, but they might have an item that I want.
It's possible.
Let's say some sort of collectible.
but it's not collectible to them or they're short on cash or something okay we do a trade i'll give you my tv i want that item and we're done there there's no fiat in that exchange and the government doesn't care they care when you say well my 55 inch tv okay or let's say it's 300 so i'm just making up a number 300 and with this 300 i'm going to sell it to you