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Arizona could soon approve gold, silver as legal tender.

Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves SB 1439.

The bill has already won the approval of Arizona’s State Senate and the Arizona House Financial Institutions Committee which voted the legislation out of committee on a 4-2 vote Monday. The measure now goes to a vote of the Arizona House.

Thus far, only the State of Utah has officially recognized gold and silver as legal tender, although the issue has been under consideration this year in four states including Arizona. The Arizona bill defines legal tender as a mode of paying debts and taxes.

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The Constitution says that

The Constitution says that states shall not make anything but gold or silver coin a tender in payment of debt. In other words, states should not merely allow gold or silver as money -- under the Constitution that is the only thing they *can* allow as money, at least in transactions with the state. But that part of the Constitution has joined the 9th and 10th Amendments as a dead letter, ignored for decades.

OMG! I'll dance a jig and

OMG! I'll dance a jig and roast a pig when this happens!!! REALLY, honest money in my state and in my lifetime, someone pinch me!

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

does this mean gold and

does this mean gold and silver coins will be considered ONLY at their face value for tax purposes regardless of their market value?

In other words

Charlatans pretending to be "government" still claim that you need their permission for stuff.

DJP333's picture

The Reign of the Fiat

is in jeopardy!

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

Amen to that.

Amen to that.