Louisiana Bill Would Make Gold and Silver Legal Tender in the State (that's the 5th in the U.S)
(blog.tenthamendmentcenter.com)
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Then there's Article 1 Section 10 of the United States Constitution, which (unless I'm missing something) has never been repealed or modified by Amendment:
I guess things are really changing.
All red states need to get on this train, the faster the better, set us free.
Amen to that.
Interesting, and hopeful, news. But I expect the trouble would be in the valuation of gold (and silver) in the marketplace. Would there be set prices, or would it vary each day (or hour) by the spot price of the metals? And would the valuation be at face value, spot price value, or some other metric? A lot of issues would have to be worked out.
already thought of that. You didn't mention which kind. There's the maple leaf and there's the buffalo. Are they all worth the same?
At some point it would have to be aligned to the actual silver content of any coin, ingot, or round. Some are 99.999% silver but can be in troy ounces or Imperial ounces. Then you have so-called "junk silver" (of which I have quite a bit) in the form of US silver coins dated 1964 and earlier...these are 90% silver and have held their value over the years.
So how would a merchant know how to evaluate the different silver items that came his way in transactions? It's hard to say right now, but if we ever got to a barter economy and the currency was dead, I'm reasonably sure that a standard would arise in the marketplace.
I was wondering about that also.
I also have both.
That's the plan!
Hey thanks. I don't know half of these. Can you post something for us uneducated people?
Thank you.
I have bitcoin, Ethereum, XRP, and silver. Gold is a little bit expensive so cannot buy a lot, but I do JD Bullion and SD Bullion also.
Appreciate you telling people here about MSTR. I will go look.
I stored mine in a cold wallet for a while but then, the cold wallet is REALLY difficult to use. The Hot wallet is a lot easier. No exchanges for me.
This says any gold or silver coin issued by state or US govt, so it should have some denomination for value at least for domestic transactions.
Good to know.
We get ro value our gold amd silver. If you have something I need u just tell me how much and I'll pay if I want it bad enough. People won't be getting too stupid with the values because it's so under valued now amd most don't have it to spend making aquiring it a necessity.
Hmmmm, maybe. But history seems to indicate that as economies arise, some standardization of values take over as determined by the market. Even a barter economy would in time standardize values.
If that item I have that you need is priced too high, you will seek it elsewhere at a cheaper price, there will be someone willing sell at that cheaper price. Pure Capitalism.
Texas had that proposal on the ballot as well.
When I saw the list, I was surprised TX not there. LOL
Florida get off your asses. O for one will never convert my metals back to fiat. Direct trade for whatbI need only and I'll not be paying stupid sales tax.
We the people have the power to operate that Constitutional right regardless of these fake state laws. It is about taxation.
I love that we can use that for trade. It will come to that.
Interesting gold shot up 11 dollars yesterday to a new high.
Crypto also went up recently. You got Jerome Powell saying no recession coming, you know things will be going bad soon.
Always saying the opposite.