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News Link • Gold and Silver

GOP Senators propose alternatives to U.S. dollar

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Senators Rand Paul (R-KY), Jim DeMint (R-SC) and Mike Lee (R-UT) introduced legislation this week that would eliminate all taxes on gold and silver coins, elevating them from the status of "collectables" to "legal tender" of the same status as Federal Reserve notes.

Currently, only the state of Utah recognizes gold coins as legal tender, but Republicans in 12 other states are pushing similar measures, in spite of warnings that such laws could serve to undermine the value of the U.S. dollar.


1 Comments in Response to

Comment by John Zube
Entered on:

While it is right to remove all taxes on gold and silver, even gold and silver coins are not good enough as an EXCLUSIVE currency. However, everyone should be free to adopt them or a plain weight unit of them as their OPTIONAL value standard. Neither an enforced exclusive currency nor an enforced exclusive value standard is right for all. Free choice for individual and groups of volunteers in both spheres. Full monetary, clearing and value standard freedom for all. See e.g.  John Zube, & FB floppy 1.doc -


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