Summary: Arizona’s legislature has passed a bill making gold and silver legal tender. The bill would allow people to use gold and silver for transactions provided the business accepted them. Growing distrust of government-backed paper currency has led several states to debate alternative currency legislation. If this bill becomes law, Arizona will become the second state to legalize gold and silver currency. Several other states have debated this idea too. Opponents of Arizona’s bill contend it will be a “bureaucratic nightmare” since most businesses have no way to determine the value of gold and silver. One amendment exempting the state’s Department of Revenue from the bill’s provisions was included. Read more….
Arizona lawmakers say gold should be legal tender
April 10, 2013 by