The only fair method of doing this is setting the rent in FRNs and then converting to the Spot value for that day, which requires a conversion fee because the gold dealer has to make some profit. I have tried similar things and it is only inefficient at best. If you are setting a rent by weight, then the rent will fluctuate as the price of gold in FRNs fluctuates.
Gold contracts were outlawed in 1933 by HJR-192 and we see that being allowed to purchase back gold later is nothing more than admission FDR could steal it to begin with.
http://Friends-n-Family-Research.inf...March_1933.jpg
http://friends-n-family-research.inf...ollections.jpg
The notion of lawful money being metallic coin is outdated since 1861. Courts rule that way because it is true. Fiat currency is justified by emergency and we have been in one since March 28, 1861 - and we will continue to be in one until any state or confederation of states can secede from the Union. Sorry to hit you with such a painful reality check but one best adhere to the Supreme Court's interpretation of how Congress defines lawful money.
By non-endorsing FRNs you are accepting US notes in the form of FRNs. The law says you are entitled to redeem your paychecks in lawful money:
http://goldismoney.info/forums/attac...7&d=1176137303
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Since people have been redeeming lawful money the Congress has jacked up the frivolous filing penalty from $500 to $5000. And the memorandum issued expressly and only addresses gold and silver coin, like in this rental agreement subject here. You are in error to define lawful money in metals. That is not even what the Constitution says because that is on a state level for states, like the Colonies that wished to stamp coins. The world is so much smaller now. On a national level Congress is able to define money - and even "fix" the value of it according to the Constitution. That is what the Supreme Court is saying:
So pay attention to the new guidelines on assessing the $5K frivolous filing fine:
http://www.irs.gov/pub/irs-drop/n-07-30.pdf
The only thing in the IRS arsenal against you redeeming lawful money is the exact same error described in the subject of this thread. At the end of the memo:
Herein I have shown you the law; Title 12 U.S.C. §411 and shown you a court case saying the man was entitled to redeem his Federal Reserve notes in lawful money - albeit not in gold and silver coin.
Regards,
David Merrill.
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