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CNNMoney: States Consider Accepting Gold, Silver Coins as Tender

February 8, 2013 in Gold, Gold Coins, News, Silver, Silver Coins, USA Coins

Thursday, 07 Feb 2013. By Michael Kling. (http://www.moneynews.com)

Concerned about a collapse of the dollar, a growing number of state legislators are urging their states to issue their own currencies.

Politicians in 13 states in all are pressing their states to either allow or consider alternative currencies, according to CNNMoney. Proponents — generally Tea Party members and conservative Republicans — worry that the Federal Reserve’s easy monetary policy will cause hyperinflation like Germany’s Weimar Republic after World War I.

The Constitution prohibits states from printing paper money or issuing their own currency, but says they can make “gold and silver coin a tender in payment of debts.” So states are eyeing gold and silver coins

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