All Topics / The Treasure Chest / trade dollars

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  • Profile photo of stargazerstargazer
    Participant
    @stargazer
    Join Date: 2002
    Post Count: 344
    August 21, 2003 - 7:01 am

    hi all

    i have been made an offer on my property the offer
    consists of

    x amount in cash and an
    amount in trade dollars

    does anyone here know much about trade dollars

    where can they be used

    are they widely acceptable.

    i really didnt know who to ask that would give me an honest opinion or if they have dealt with this type of thing before.

    your response would be greatly appreciated.

    The offer is close to the asking price plus a reasonable amount in trade dollars.

    How would a contract be drawn up the cash offer only or with the trade dollars showing.

    How would capital gains be calculated on the cash amount only or on the full amount including the trade dollars.

    kind regards
    alf

    Profile photo of InvestigatorInvestigator
    Member
    @investigator
    Join Date: 2003
    Post Count: 13
    August 21, 2003 - 8:33 am

    My experience, for what it is worth, I haven’t had a lot to do with trade dollars………the supermarket won’t accept them.

    Neither will the bank.

    How do you pay put food on the table, pay bills, I can’t use my eftpos trade card.

    Generally the dollars can only be used within the forum / entity that issued them. Like casino money. You have to find someone that has something that you want that will take trade dollars from you.

    I have been offered cash + other things before and always declined. Nothing beats the cold readies. At least you can use cash for your next deal today!![8D]

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