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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="medoraman, post: 1363261, member: 26302"]A century ago commerce was conducted with money as the US government declared it to be, including large dollar values of paper dollars since the public demanded paper money over heavy gold and silver money. This state law is not declaring, (since they do not have the power), PM as legal currency. Its just forcing the state to effectively become a commodity dealer, posting "buy" prices every day. I recall reading a lot more transactions taking place in French and Swiss currencies than PM bars during this time when people wanted "hard currency".[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1363261, member: 26302"]A century ago commerce was conducted with money as the US government declared it to be, including large dollar values of paper dollars since the public demanded paper money over heavy gold and silver money. This state law is not declaring, (since they do not have the power), PM as legal currency. Its just forcing the state to effectively become a commodity dealer, posting "buy" prices every day. I recall reading a lot more transactions taking place in French and Swiss currencies than PM bars during this time when people wanted "hard currency".[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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