If he gave up $15,180 in silver (based on spot price of $23 per ounce, spot changes minute to minute based on many factors such as worldwide demand), it means that he actually owes the rental people $15,108,000. This is a rare unicorn, this solvent silver sovvy, and this is his version of taping $3.00 of junk silver to a letter to the gas company. If I were the creditor, I would test the silver bullion or rounds with an acid kit and then accept it as a partial payment, if genuine. This unicorn might be the only sovvy ever to actually offer anything fungible to pay off a debt. They could take him to court for the rest, but that slot machine of crazy only pays out once. Write it off as bad debt for tax purposes.
If he gave up $15,180 in silver (based on spot price of $23 per ounce, spot changes minute to minute based on many factors such as worldwide demand), it means that he actually owes the rental people $15,108,000. This is a rare unicorn, this solvent silver sovvy, and this is his version of taping $3.00 of junk silver to a letter to the gas company. If I were the creditor, I would test the silver bullion or rounds with an acid kit and then accept it as a partial payment, if genuine. This unicorn might be the only sovvy ever to actually offer anything fungible to pay off a debt. They could take him to court for the rest, but that slot machine of crazy only pays out once. Write it off as bad debt for tax purposes.
Why do you think he owes 10x? He could just owe 15k and actually he trying to pay it off. That is what I don’t get.