Washington State Considers Gold and Silver as Legal Tender

[FrankRep]

http://thenewamerican.com/images/stories2012/12aJanuary/mattshea-t.001.jpg



To protect citizens from inflation created by the Federal Reserve, Washington State lawmakers have a bill making gold and silver legal tender statewide.


Washington State Considers Gold and Silver as Legal Tender (http://thenewamerican.com/usnews/politics/10715-washington-state-considers-gold-and-silver-as-legal-tender)


Alex Newman | The New American (http://thenewamerican.com/)
31 January 2012



Related Articles:

Gold, Silver Now Legal Tender in Utah (http://thenewamerican.com/economy/markets-mainmenu-45/6894-gold-silver-now-legal-tender-in-utah)

Virginia Considers Dollar Collapse, Gold Currency (http://thenewamerican.com/economy/economics-mainmenu-44/5951-virginia-considers-dollar-collapse-gold-currency)

Tennessee Joins States Considering Alternate Currency Legislation (http://www.thenewamerican.com/usnews/constitution/6880-tennessee-joins-states-considering-alternate-currency-legislation)

South Carolina Bill Seeks to Refuse Federal Reserve Notes as Legal Tender (http://www.thenewamerican.com/usnews/politics/2987-sc-bill-seeks-to-refuse-federal-reserve-notes-as-legal-tender)

[TheTexan]

Good for them. If it gains any traction I'll be impressed with the state I otherwise have never cared about before.

[FrankRep]

Good for them. If it gains any traction I'll be impressed with the state I otherwise have never cared about before.

Utah legalized it. Gold that is. :-)

Gold, Silver Now Legal Tender in Utah (http://thenewamerican.com/economy/markets-mainmenu-45/6894-gold-silver-now-legal-tender-in-utah)



With Governor Gary Herbert’s signature on March 25 on the Utah Legal Tender Act, the state of Utah became the first in recent times to officially accept gold and silver coins as legal tender at their true value.

[GeorgiaAvenger]

Frank, can you explain the effects that the legalized bullion in Utah has had on the economy?

[amadeus8888]

Frank, can you explain the effects that the legalized bullion in Utah has had on the economy?

Well for one Utah citizens do not have to pay capital gains tax on their gold and silver just because the Bernanke printed a bunch of new money and drove the price of it in FRNs up... That's a pretty huge windfall when you realize the price of gold has gone up by more than 1000 FRNS in the last ten years :D