Quote:
Originally Posted by Agent 488
nothing is preventing a merchant from taking payment in gold, wheat, oil whatever. nothing illegal about that.
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legal tender laws: the courts will not enforce contracts (debts etc) if the seller asks for gold (or silver or anything else) instead of legal tender.
so basically, you could draw up a contract: you sell you car to X in exchange for Y amount of gold. You and X both sign the contract. X takes possession of the car but then refuses to pay you your gold. The courts will rule in his favor.
There's also a few cases of the IRS going medieval on people's asses because they paid their employees in silver.