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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="fatima, post: 1425023, member: 22143"]At this time, I don't think the general public owns enough gold and silver for it to be much of an issue. However as to the gold dust question, the law, as stated above would seem to preclude this. My interpretation of the proposed law, thoughtfully posted above, is that the state will declare US Mint coins and a subset of other mint coins valid as legal tender along with issuing their own bullion coins. People will have to keep in mind that using fake coins to pay the state, unlike trying to pass them off on eBay, will immediately bring in law enforcement to investigate the matter. I don't think fake Chinese coins will be an issue. </p><p><br /></p><p>As to the OP's question, how will it affect the price of bullion now, (and what this topic is about), I think it's a positive for bullion buyers.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1425023, member: 22143"]At this time, I don't think the general public owns enough gold and silver for it to be much of an issue. However as to the gold dust question, the law, as stated above would seem to preclude this. My interpretation of the proposed law, thoughtfully posted above, is that the state will declare US Mint coins and a subset of other mint coins valid as legal tender along with issuing their own bullion coins. People will have to keep in mind that using fake coins to pay the state, unlike trying to pass them off on eBay, will immediately bring in law enforcement to investigate the matter. I don't think fake Chinese coins will be an issue. As to the OP's question, how will it affect the price of bullion now, (and what this topic is about), I think it's a positive for bullion buyers.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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