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Gold and Silver Now Legal Tender in Florida
Armstrong Economics ^ | 30 May 25 | Martin Armstrong

Posted on 05/30/2025 7:03:16 AM PDT by delta7

click here to read article


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The first step back to “honest weights and measures” and preservation of Wealth. That said, there is much wrong with this law, ( read the details- eg, pre-64 silver coinage is not included) and they have one year to fix it.

Florida legislative sources state they will correct the shortfalls as it evolves.

1 posted on 05/30/2025 7:03:16 AM PDT by delta7
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To: delta7

One shortfall, US Gold Eagles are 91.67 percent purity. In any case, this is a wake up call as to what is happening to the ex-almighty USD. Stay tuned.


2 posted on 05/30/2025 7:08:40 AM PDT by delta7
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To: delta7

A much better plan than chasing a bitcoin dragon.


3 posted on 05/30/2025 7:11:19 AM PDT by rottweiller_inc (Lupus urbem intravit. Fulminis icShouldn't shetu vultures super turrem exanimat.)
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To: delta7

22K


4 posted on 05/30/2025 7:11:40 AM PDT by rottweiller_inc (Lupus urbem intravit. Fulminis icShouldn't shetu vultures super turrem exanimat.)
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To: delta7

Brass,Copper and Lead not Far Behind.


5 posted on 05/30/2025 7:15:22 AM PDT by Big Red Badger (ALL Things Will be Revealed !)
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To: delta7

The Publix cashiers will be totally confused now.


6 posted on 05/30/2025 7:18:57 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: delta7

“One shortfall, US Gold Eagles are 91.67 percent purity.”

Not a shortfall. Your ignorance is showing, again.


7 posted on 05/30/2025 7:22:16 AM PDT by TexasGator (11-.1.'1'11\1I11111111111.1'11.'11/'~~'111./.)
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To: napscoordinator

“The Publix cashiers will be totally confused now.”

Read the article.


8 posted on 05/30/2025 7:23:09 AM PDT by TexasGator (11-.1.'1'11\1I11111111111.1'11.'11/'~~'111./.)
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To: delta7

Armstrong, Charged in $1 Bln Theft, Finds Serenity in Jail
Feb 16, 2000 — Jail seems to agree with Martin Armstrong, the former trader charged with bilking Japanese corporations of almost $1 billion.

https://www.bloomberg.com/news/articles/2000-02-16/armstrong-charged-in-1-bln-theft-finds-serenity-in-jail


9 posted on 05/30/2025 7:32:59 AM PDT by TexasGator (11-.1.'1'11\1I11111111111.1'11.'11/'~~'111./.)
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To: delta7

Well there’s a pointless waste of time. Nobody’s carrying gold coins. Much less making change for $3,305.50. Or whatever the price is on a given day.


10 posted on 05/30/2025 7:39:42 AM PDT by discostu (like a dog being shown a card trick)
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To: delta7

You’ve triggered your favorite thread spammer, we see!

Texas also accepts gold and silver as legal tender.

From Grok ...

Yes, Texas accepts gold and silver as legal tender. The Texas Bullion Depository, established by House Bill 483 in 2015 and opened in 2018, allows gold and silver to be used as legal tender within the state. Specifically, Texas Government Code Section 2116.023 states that gold and silver bullion deposited in the Texas Bullion Depository are considered legal tender for all debts, public and private, within Texas. This applies to bullion meeting specific purity standards (e.g., 99.5% for gold, 99.9% for silver) and issued by the depository in forms like coins or bars. However, federal law still governs transactions involving U.S. currency, and the practical use of gold and silver as legal tender is limited by market acceptance and federal regulations. For example, their value in transactions is typically based on their market value in U.S. dollars at the time of the transaction.


11 posted on 05/30/2025 7:41:03 AM PDT by Jane Long (Jesus is Lord!)
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To: Big Red Badger

Lead...?

Lol at musketballs being legal tender.


12 posted on 05/30/2025 7:56:04 AM PDT by one guy in new jersey
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To: discostu

hate much


13 posted on 05/30/2025 7:56:46 AM PDT by one guy in new jersey
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To: one guy in new jersey

Nope. I love reality. And I love spreading it. And the reality of this law is that it’s complete masturbation. How is a store going to verify your coin is 99.5% pure? At the time of sale no less. Plus of course there’s the dynamic valuing, how much is that gold coin worth right now... oh wait the sale took 20 minutes, price might have changed... Nobody is actually going to be taking gold or silver coins, the effort level and opportunities to get burned are too high.


14 posted on 05/30/2025 8:04:29 AM PDT by discostu (like a dog being shown a card trick)
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To: delta7

“the dealership has the burden of verifying the spot price of gold or silver”

I doubt many businesses will want the hassle of dealing with a volatile form of payment.

Gold was $3,300 when the customer bought their merchandise last week - now it’s $3,200 - now it’s $3,150 - oops!

Of course, it can go the other way, in favor of the business. But how many businesses will want to take the chance? Probably none, other than the Mom and Pop kind.


15 posted on 05/30/2025 8:11:18 AM PDT by simpson96
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To: discostu

bruh


16 posted on 05/30/2025 8:22:42 AM PDT by one guy in new jersey
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To: simpson96

The value of the U.S. dollar, objectively measured, also varies.

You might want to consider cutting precious metal coinage a little slack.


17 posted on 05/30/2025 8:24:22 AM PDT by one guy in new jersey
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To: simpson96
I doubt many businesses will want the hassle of dealing with a volatile form of payment.

It will depend on how much they want the sale and what tools arise to make it easy to instantly evaluate purity and weight.

18 posted on 05/30/2025 8:35:16 AM PDT by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ LIFE )
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To: Jane Long
Since you referenced me in your post ...

Thanks for supporting a lying scamming ex-con!


19 posted on 05/30/2025 8:48:56 AM PDT by TexasGator (11-.1.'1'11\1I11111111111.1'11.'11/'~~'111./.)
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To: Jane Long
Since you referenced me in your post ...

Thanks for supporting a lying scamming ex-con!


20 posted on 05/30/2025 8:48:57 AM PDT by TexasGator (11-.1.'1'11\1I11111111111.1'11.'11/'~~'111./.)
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