> Louisiana, Utah, and Texas have passed legislation recognizing gold and silver as legal tender, a move that allows citizens to make transactions using precious metals in place of cash. <
The United States made a major error when it stopped issuing 90% silver coins after 1964. Real silver was replaced by paper promises.
But I don’t see the value in states doing what you mentioned. Couldn’t that be done anyway? Let’s see you have a used car worth $3000. And I have $3000 in gold at that day’s price. There is nothing now to stop me from swapping my gold for your car.
Perhaps these new laws would force you (the car owner) to take the gold even if you don’t want to. If so, bad idea. It’s just another unnecessary law.
“”But I don’t see the value in states doing what you mentioned.””
.
I don’t know about you but I would take just about anything Texas starts issuing over FRNs.
If the communists fraud their way through the next election I’m not waiting for Texas, I will find another way.
.