Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Arizona Senate Passes Bill: Gold & Silver Now Legal Tender

IMG Auteur
Published : May 02nd, 2013
628 words - Reading time : 1 - 2 minutes
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

24hGold - Arizona Senate Passe...


Arizona recently became the second U.S. state to verify gold and silver as legal tender, its lawmakers sending a strong message to Washington of their growing distrust of Federal Reserve Bank policies.

We reported on April 19th the Arizona House of Representatives vote to approve a bill that would make gold and silver a legal tender option. On Tuesday, April 30 th, the Arizona Senate gave the measure �final approval.�

Since 2008, The Fed, a privately owned entity authorized by Congress, has been printing cash at unprecedented rates in an effort to stem fears of an impending worldwide crisis driven by insolvency. One result of the Fed printing campaign has been citizens� rush out of �paper currency� to embrace gold and silver legal tender as an option. Arizona businesses will not be required to accept the metals in payment.

If signed into law by Governor Jan Brewer, the Arizona measure will take effect in mid-2014. No word yet from the Brewer�s office on whether or not she will sign (Press Releases). If enacted the new law would allow a �state judge of appropriate jurisdiction to grant legal tender status to non-U.S. minted coin (specie).�

If you live in Arizona:

You may contact Governor Brewer and let her know that you want her to sign SB1439 into law.

Even those Arizonans who aren�t interested in an alternative currency might consider supporting the legislation simply on the principle of freedom of choice.

TenthAmendmentCenter strongly recommended that you CALL Brewer�s office rather than email:

(602) 542-4331
800-253-0883 (outside Maricopa County only)

The legislation �cleared the Republican-controlled Senate by an 18-10 vote after being approved by the state House earlier this month.� By approving the �Constitutional Tender Act,� Arizona would join the lead established by Utah in 2011 in recognizing U.S.-minted gold and silver as legal tender. As we previously stated, other states are also following Utah�s lead, as looming distrust of the Federal Reserve becomes more evident. Minnesota, North Carolina, South Carolina, Idaho, Colorado, Missouri, Maine, Washington, Tennessee, and New Hampshire are all currently considering adoption of the Tender Act; Missouri and South Carolina are the closest to enacting legislation.

To track constitutional tender bills see this Google map.

Democrats, who voted against the Arizona measure in the Senate and the House, argue that it �sends a false message to constituents that gold and silver are safer than traditional currency� this is too extreme,� as Democrat Senator Steve Gallardo of Phoenix said. �We don�t need it� [freedom of choice]. Republican State Senator Chester Crandell counters, however, by saying that making gold and silver legal tender for Arizona is �the logical thing to do.� He continues, �I think you look at some of the things that are happening and the amount of money [currency] printed by the Federal Reserve and who has control� I think anybody would be concerned.� He maintains that enactment of this bill gives people the opportunity to use an alternative method of payment in light of the ever-increasing devaluation of the U.S. dollar, and states, �Gold and silver have been around a long time, and people are secure with it, and we should give them an opportunity to use it.�

Keith Weiner, president of the Gold Standard Institute, believes that the legislation is needed to counter what he sees as insolvency in the global monetary system. �The dollar system and all of the derivative currencies, including the euro, are a recipe for worldwide bankruptcy,� Weiner said. By expanding the definition of legal tender, Arizonans may well be on the path to making gold and silver legal currency once again. As Arizona follows Utah�s lead and returns to its �Gold Rush roots,� citizens may once again obtain a sense of economic stability as fears of a collapsing dollar diminish.


Companies Mentionned : Gold | Metals X |
<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Since 2005, Mike Maloney has been the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Mike founded GoldSilver.com, an online precious metals dealership featuring concierge services, physical delivery of gold and silver to customer doorsteps around the world, as well as providing international 3rd Party Vault Storage options for customers' precious metal holdings
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
First Report since April, 2014
05 FebAndy_K1
Jason, One of your articles written way back is one of the reasons I started paying attention to silver and shortly thereafter started to ...
Something has Changed in Gold St...
06 Febneville
No nothing strange has happened in GOLD stocks....absolutely nothing.....The fact of the matter is that you byrne have been playing the man and...
The Revisionist Theory and Histo...
05 Febovertheedge
"The key is in the hand of the U.S. government. It is the same key that was used to lockthe U.S. Mint to silver in 1873, and to gold sixty years la...
First Report since April, 2014
05 FebS W.1
Here I was just 2 days ago thinking whatever happened to that evangelical silver guy. Low and behold up he springs, like some spirit from the g...
LBMA Silver “Price”: A Perfect S...
03 FebS W.
There is no doubt that the Comex can be used as a casino for those who want to trade Silver up/or down or maybe some just wish to take a small punt...
LBMA Silver “Price”: A Perfect S...
30 JanOzSILV1
Bron refuses to EVER admit this market is a Casino and the disconnect between Paper and Physical is a big clue to this
LBMA Silver “Price”: A Perfect S...
30 JanS W.
Usually I enjoy Bron's take on things,but to be perfectly honest, I can't understand 95% of what he his on about here. I get the feeling that h...
ANOTHER NAIL IN THE U.S. EMPIRE ...
30 JanDemosthenes0
Very naive and pretentious article! The author thinks he knows everything and yet knows next to nothing. Shale gas producers are neither stupid n...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Lara Expl.(Cu-Zn-Au)LRA.V
Revised Resource Estimate Report Filed for Maravaia Copper Gold Deposit
CA$ 0.34+1.47%Trend Power :
Corporate news
Black HillsBKH
Black Hills reports 4Q loss
US$ 50.90-0.59%Trend Power :
Corporate news
Kinder Morgan(Oil)KMP
Midstream Companies Were above the 20-Day Moving Averages
US$ 102.03+1.98%Trend Power :
Corporate news
Kinder Morgan(Oil)KMP
Midstream Companies Were above the 20-Day Moving Averages
US$ 102.03+1.98%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
Gasoline Inventories Rose Last Week despite Fall in Production
US$ 22.66-4.31%Trend Power :
Corporate news
United States Steel(Fe-Sn)X
U.S. Steel (X) States Ratification of Labor Agreements
US$ 7.34-5.53%Trend Power :
Corporate news
Black HillsBKH
4:34 pm Black Hills Corp beats by $0.04, misses on revs; guides FY16 EPS below consensus
US$ 50.90-0.59%Trend Power :
Corporate news
Black HillsBKH
Black Hills Corp. Reports 2015 Fourth Quarter and Full Year Results
US$ 50.90-0.59%Trend Power :
Corporate news
Transcanada PipelinesTRP.TO
TransCanada to Sign Substantial Agreement to Benefit Québec Economy
CA$ 48.65+0.16%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
4Q15 Crude Oil Prices: Fallout for the Energy Sector and SPY
US$ 22.66-4.31%Trend Power :
Corporate news
Comments closed