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<p>[QUOTE="mikem2000, post: 1510181, member: 30574"]Just as a note, there is no provision in the law as to what exchange rate someone would accept the AGE at. You are all assuming spot, but I really doubt that is the case. I would say sellers would want a premium over spot to protect themselves in case of a downturn from the time they accept the ASE to redemption. With no provisions for that, the seller could set premium at anything he likes. This is not sounding like money, there is no premium when purchasing with greenbacks. This is bartering.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1510181, member: 30574"]Just as a note, there is no provision in the law as to what exchange rate someone would accept the AGE at. You are all assuming spot, but I really doubt that is the case. I would say sellers would want a premium over spot to protect themselves in case of a downturn from the time they accept the ASE to redemption. With no provisions for that, the seller could set premium at anything he likes. This is not sounding like money, there is no premium when purchasing with greenbacks. This is bartering.[/QUOTE]
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