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How to accept silver for payment of services?

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csmith71:
I have a pet sitting/dog walking business. I'd like to start accepting silver as payment for services. Although I doubt any of my clients will pay that way, I'd still like to offer it as an option.

Anyone have insight or links to information on how to invoice and accept silver? I have no idea where to start.

Thanks,
Chris

Diogenes The Cynic:
How much silver is worth an hour of your services?

Don't tie it to currency, because then you're essentially being paid in dollars.

talkativeshut:
This seems like a great idea to get myself some silver as well. Thanks for sharing this, I would surely be looking forward to the proceeds of this thread.It seems like with the right answers I would be granted my own silver trading business as well!

Turd Ferguson:

--- Quote from: Diogenes The Cynic on August 10, 2012, 03:34:54 AM ---How much silver is worth an hour of your services?

Don't tie it to currency, because then you're essentially being paid in dollars.

--- End quote ---

You'd be nuts not to tie it to the currency at this point.

Say for instance, he charges 34 bucks in us dollars, about the price of an oz of silver,  to walk the dog. Lets then say the price of silver goes up to 45 dollars the next day. Ok, what is he supposed to do now, charge the guy with the dog the same oz of silver to walk the dog? The customer will probably go with someone else that still charges 34 bucks, unless of course, he changes the amount of silver he takes for his service. So unless he wants to lose customers, he would be nuts not to tie the amount of silver he charges to the US dollar.


How much to walk my dog?

"One ounce of silver"

WTF?? An oz of silver costs 90 bucks!!

"I know, but i've always charged an oz of silver to walk your dog"

Yeah, but that was when it was worth 34 bucks!!

"Yeah yeah, I know, but i'm not tying my silver price to the dollar"

GTFOuttaheah!!

Diogenes The Cynic:
But then its not its own currency, which defeats the point.

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