Arizona passes law making gold and silver legal tender

anyone from Arizona to confirm ???

, no gold tards today

Didn't we already do this shit in 1787?

Goldman Sachs Says It's Time to Short Gold

Goldman Sachs downgraded its 2013 price target for gold (Exchange:XAU=) and advised investors to short the precious metal, in a commodities report out on Wednesday.

24K gold bar. REUTERS/Bobby Yip/Files"Despite resurgence in euro area risk aversion and disappointing U.S. economic data , gold prices are unchanged over the past month, highlighting how conviction in holding gold is quickly waning," said Goldman Sachs analysts Damien Courvalin and Jeffrey Currie in the note.

The analysts cut their gold forecast to $1,450 per ounce for 2013 and $1,270 for 2014, the second cut in their price target this year.

[link to finance.yahoo.com]

thanks for the info

Meh. I paid off my transmission in silver. Who needs a friken bank when the parties involved come to an agreement?

Confirmed on local news
[link to www.azcentral.com]

[link to www.azcentral.com]

A+ and all other states that haven't done so already soon to follow. Didn't Oklahoma already do this?

Legal tender means it can be taxed simply for existing in a box. Legal tender means it in essence already belongs to the gummint

Anyone that thought this was a good idea, just got OWNED.

Your barbecue isnt legal tender, you own it and need not account for it to anyone.
Legal tender comes with the assumption that it belongs to the gummint.
Ignore their dictates now, and you are a felon.


What America needs is some adults with a pair.
There are none, at least not ones working for your nation

thanks for the info/link

Agree. Those words, "Who needs a friken bank when the parties involved come to an agreement?" are the words feared most by the kleptomaniacs running the planet. They know its coming.

it is said, and has happened before throughout history, that once a kleptomaniac loots and owns all cash gold and silver, they go mad.

thanks for the

Ask BRIEF... he was there.

What this means is that any increase in value is taxed as a capital gain even if it's buried in your garden.

This is the reason why the ptb need to exterminate you all, youve proven you cant think for yourself, and they dont want the responsibility to care for you after theyve taken everything from you.

gold
look the price come down again..

Can't say I have ever read anything so quite to the point. You seem to have nailed it.

Prepare for someone to get assassinated.

Blithering idiot.

Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency and coins are common forms of legal tender in many countries. The origin of the term "legal tender" is from Middle English tendren, French tendre (verb form), meaning to offer. The Latin root is tendere (to stretch out), and the sense of tender as an offer is related to the etymology of the English word extend (to hold outward).[2] The noun form of a tender as an offering is a back-formation of the noun from the verb.

Legal tender is variously defined in different jurisdictions. Formally, it is anything which when offered in payment extinguishes the debt. Thus, personal cheques, credit cards, debit cards, and similar non-cash methods of payment are not usually legal tender. The law does not relieve the debt obligation until payment is accepted. Coins and banknotes are usually defined as legal tender.


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Coins are lawful money Attorney boy , federal reserve system or not

Nothing will be spared for your trade ... Pun Intended

But... but... you can't eat gold!

This!

Lots of movement against bartering in the recent past. I wouldn't be surprised if some states called eggs and bread legal tender, just to get their hands in the pot.

So when I go buy my groceries this weekend....can I just scrape off a little gold on the counter and they have to take it ?

"Arizona passes law making gold and silver legal tender"

Geee, I wonder why more & more states are doing this. Think they know something we don't? (Yes, that was sarcasm)

Good call Az.

There is the little problem of the constitutionality of this idea as well as a lot of very important practical issues that arise when you let private parties mint coins. Purity and weight as well as counterfeiting to name three.

Section. 8.

The Congress shall have Power To:

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

However there is a loophole that the states might exploit:

Section. 10.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

If congress fails to do their duty amendment 10 comes directly into play ..

We retain the power still to coin money for we gave it to the states, and then federal government ...

If one fails in their place of trust, we retain those rights

Tell that to the man who made the Liberty Dollar and is now in federal prison for creating a competing currency. The Constitution does not apply in DC and its states and territories.

Also, anything legal can be legal tender, these statues are stupid and do nothing but benefit the STATE.