Dateline April 18, 2015. A bill submitted to the Texas State Senate would permit gold and silver coins minted by the United States government to be used as legal tender across the state, according to a recent article in the Dallas Morning News. The bill was submitted by State Senator Konni Burton. Senator Burton said the option to use precious metals as currency has “gained appeal as the dollar’s purchasing power has declined dramatically over the past four decades”. She cites that ongoing Federal monetary policies will continue to devalue the dollar, which is not currently backed by gold or silver.
Many other states have or are considering similar measures. Why such a groundswell? Perhaps because people would like to know their money is indeed a storehouse of enduring value, not eroded away by persistent inflation.
Consider buying gold and silver coins now, as a hedge against future dollar erosion. Take a look at Golden Eagle Coins for your gold and silver purchases.
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