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Washington State Gold and Silver Act

State legislatures have become alarmed at the federal government’s outrageous deficit spending and dollar destruction policies. Washington State’s Representative Matthew Shea has announced that H.B. 2731, a gold and silver act for Washington state, has been introduced into the state legislature for this 2012 session. Here’s the website that gives details on the bill: http://apps.leg.wa.gov/billinfo/summary.aspx?bill=2731&year=2011.

According to the website the bill “Establishes the gold and silver legal tender act of Washington state.” It “Provides that gold and silver used as legal tender are treated in the same manner as United States currency for taxation purposes.” and it “Declares an intent to provide a choice of United States constitutional currency of gold and silver.”

Utah passed a similar bill in the Utah house March 4, 2011. The New American Magazine published an article discussing the particulars of that bill. The article, “Utah House Approves Gold, Silver as Legal Tender” written by Alex Newman can be found here: http://thenewamerican.com/economy/economics-mainmenu-44/6588-utah-house-approves-gold-silver-as-legal-tender.

Washington State’s consideration of such a bill makes them the 13th such state to introduce this kind of legislation. The states created the Federal Government and the Constitution over 200 years ago. Their intent at that time was that the governments should use nothing but gold and silver as coin and money. Since that time the government has gone far astray, leaving the gold/silver standard in 1971(” – page 11, THE POCKET MONEY BOOK- A MONETARY CHRONOLOGY OF THE UNITED STATES, by American Institute of Economic Research, Vol. XXIX, No. 12, December 1989.).

As more and more states start to move back towards gold and silver as money, the dollar could become an unwanted orphan without a home. It will be a while yet before that happens, but it’s clear that state legislatures are beginning to wake up to what the Fed and Congress are doing and how its utterly destroying the dollar.

As this movement by state legislatures picks up steam and the states begin to exercise their sovereignty more and more, it is likely to bode well for the value of gold and silver and poorly for the value of the dollar.

More and more citizens are recognizing the need to hold gold and silver. Even the state governments are waking up.

Here’s an article that came out just a few days after I wrote this one: http://www.thenewamerican.com/usnews/politics/10715-washington-state-considers-gold-and-silver-as-legal-tender
Disclaimer

Investing in stocks and precious metals is risky and could result in losing money. I am offering ideas for your consideration and education. I am not offering financial advice. Please do your own due diligence. I am not an investment adviser. Precious metals is not for everyone. I promote precious metals purchases through American Gold Reserve. You should do your own due diligence when making investment decisions of any kind. You should consult your own financial advisers before making any investment decision. I make no guarantees that by following any advice or suggestion I might make that you will realize any return. Beware, all commodity markets and other markets carry risk of loss.

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