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<p>[QUOTE="medoraman, post: 1539815, member: 26302"]WE have had this discussion before. What does this mean except to score political points for politicians? Last I read only the Federal government had the power to determine legal tender, so any state law regarding that will be overridden. So this is just a matter of whether a state will accept gold and silver as payment then? So, do you really believe they have the expertise to determine fakes? At what value will they accept gold or silver as payment? </p><p><br /></p><p>I seriously do not see it any differently than Iowa passing a law making corn legal tender. Same thing, they have to inspect it, make sure its real, and then look at the commodities market to see what the value in real money, the USD, they will give you credit for.</p><p><br /></p><p>I don't understand how this is different than anyone keeping spare cash in PM, and when they needed to pay a bill selling the PM for USD and paying the bill. Seriously, we ALL can have a "gold standard" if we wish, take your paycheck and convert it to gold each week. Why do the politicians have to be involved?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1539815, member: 26302"]WE have had this discussion before. What does this mean except to score political points for politicians? Last I read only the Federal government had the power to determine legal tender, so any state law regarding that will be overridden. So this is just a matter of whether a state will accept gold and silver as payment then? So, do you really believe they have the expertise to determine fakes? At what value will they accept gold or silver as payment? I seriously do not see it any differently than Iowa passing a law making corn legal tender. Same thing, they have to inspect it, make sure its real, and then look at the commodities market to see what the value in real money, the USD, they will give you credit for. I don't understand how this is different than anyone keeping spare cash in PM, and when they needed to pay a bill selling the PM for USD and paying the bill. Seriously, we ALL can have a "gold standard" if we wish, take your paycheck and convert it to gold each week. Why do the politicians have to be involved?[/QUOTE]
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