"Recognizing gold and silver as legal tender promotes economic justice. By allowing citizens of every economic status access to the ability to preserve their wealth by hedging against inflation with precious metals."
"It's essentially just giving people another way of being paid, says Utah state treasurer Marlo Oaks."
"Gold is currently trading around $4,800 a troy ounce - that's less than where it was earlier in the year, but is still $1,000 more than it was this time in 2025."
"Gold is not money, he says. It hasn't been for a long time."
Georgia's draft bill aims to recognize gold and silver as legal tender, allowing citizens to use precious metals for transactions. This legislation would enable mechanisms for payments in gold and silver, potentially through prepaid debit cards. Lawmakers stress that this initiative offers more options without forcing anyone to abandon the dollar. The rising price of gold, driven by ETFs and increased central bank purchases, reflects its appeal, despite economists arguing against its viability as currency due to volatility.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]