Why can't I go to McDonald's and give them a speck of gold for payment? Or buy groceries?
- scott bLv 71 year agoFavorite Answer
Because gold has value, but isn't "legal tender". The same with diamonds, and platinum, and silver, and a dozens of other things.
- Anonymous12 months ago
it's up to anyone to decide what they will accept as "payment" for what you want from them.
While the store can weigh what you claim is gold, how does the store know this is actually gold or the purity?
- donnieLv 412 months ago
Because Gold is not currency. Gold is good to have stored up but not to go and buy a Big Mac meal. They don’t have people in there to inspect and see how much the gold is worth. I mean their dumb teenage kids for the most part.
- maps3333Lv 71 year ago
a spec of gold would not cover the price of your order and they are not setup to handle gold. They are not in the gold business.
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- New World ManLv 61 year ago
I doubt I would accept Gold for a private transaction either!
Reason - Too much hastle! -- The value can change dramatically from one day to the next in either direction, so you need to know the current value, plus have a scale that can accurately measure at least grams (and likely you would want tenths if not hunderth of a gram) through oz. Also, because the value is constantly changing, do something with it the same day - or gamble it will go up in value by the time you do.
Bottom line - it's a hastle - that is of course unless for some reason you actually need gold, and even then, it's easier to just buy it with standard currency.
- Mr. SmartypantsLv 71 year ago
They're not set up to process gold. They'd need to assay it to see how pure it was, and that would cost more than your speck of gold was worth! They'd at least have to be able to weigh it very precisely.
- JonLv 71 year ago
they don't know if it is gold, or what the value is....
- Anonymous1 year ago
you can if its big enough
- 1 year ago
Because it will not fit in cash machine and this is a restaurant.
- Anonymous1 year ago
I wanna be with me u the whole time 9