Gold, silver coins acceptable forms of payment?

jeff of pa

Super Moderator
Staff member
Dec 19, 2003
88,059
62,372
🥇 Banner finds
1
🏆 Honorable Mentions:
1
Primary Interest:
All Treasure Hunting
PHOENIX -- Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins.
The Senate Finance Committee on Wednesday took the first steps to making such coins legal tender in Arizona. SB1439 would give them the same legal status as bills and coins authorized by Congress.
Nothing in the proposal by Sen. Chester Crandell, R-Heber, would force anyone to actually accept these coins as payment for any debt. Their use would be voluntary.
But proponents said it's only a matter of time before the country suffers hyperinflation, making the greenback worthless.

Gold, silver coins acceptable forms of payment?
 

So what is the point of legislation that makes accepting payment in gold voluntary? Isn't that like making a law stating that barter is still okie dokie? People can already accept private minted gold as payment if they want to. Do they need a law that tells people that it is ok to keep doing what they are already legally doing? Or am I missing something?
 

Top Member Reactions

Users who are viewing this thread

Back
Top