“I don’t know if it will be two days or two weeks or two months. But we have $10 million in gold and silver in denominations small enough … for payroll,”<p>How exactly will this work?  Is USD still the unit of account for your salary, or does their employment contract state, &quot;$X or X oz. gold at company&#x27;s discretion.&quot;?<p>How do they expect to pay taxes? Is this even legal?<p>I don&#x27;t see how this actually solves any perceived problems with the banking industry.  Even if the banks go down for a period of time, you can still cut people&#x2F;businesses a check.  That&#x27;s certainly easier for everyone involved than handing out gold doubloons on payday.<p>&quot; in 2008 we came perilously close to banks not knowing who could accept counterparty risk,&quot;<p>This goes to show how deft the Federal Reserve is.  Lots of bad shit could have went down in 2008, but didn&#x27;t.