Arizona Is Returning To Its Gold Rush Roots!

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Author	Replies: 10 / Views: 1,286
Circus Pillar of the Community United States 3079 Posts	Posted 05/01/2013 08:31 am Arizona is returning to its gold rush roots with a bill that would make precious metals legal currency. http://www.foxnews.com/politics/201...egal-tender/ Here is a sections from the AP article. Quote: Democratic Sen. Steve Farley of Tucson said the measure is unnecessary and would create long lines at businesses as store clerks inspect and weigh the gold and silver. The measure would allow the use of precious metals as money only when businesses agree to take them. "Businesses are not clamoring for this, to say the least," Farley said. "This is basically growing the size and scope of government to create an entirely new currency system." Quote: Republican Rep. David Livingston of Peoria, a financial adviser who ushered the legislation through the House, said his clients were eager to tap into their gold and silver reserves. So with these two statements, To me it doesn't make much sense in passing the law. Since some of the people working in the stores around here. Can't make change for a gold dollar, with out the manager. I had a young women @ home despot refuse to take them because she didn't know what the price of gold was! When they first came out, and some body was paying a premium to the women that worked the 7-11 that I used them to buy coffee every morning before I retired for them. Neither her or the guy buying them new anybody could go to a bank and get them. I also have been told that they were fake and not real money by people working in stores! Granted most were young and did know a news story that didn't involve a signer or actor! I can't imagine what using real gold and silver would do, to those limited knowledge folks. Not to mention how would the parties make change for items less than the weight of the gold/silver piece? The second thing is if your are in a position to have gold/silver reserves, as an investment why would you want to tap them a couple of dollars at a time? And what does the dept of revenue in the state do. Quote: The state Department of Revenue opposed the measure. It passed in the House only after an amendment was added to exempt the department from having to accept gold or silver as tax payments. I admit that other than some art silver bars, and sheet stock,bar and wire along with some casting grains for jewelery work. I don't own any other than the ASE's that I like the look of. What do some members think? Edited by Circus 05/01/2013 08:31 am Report this Post to the Staff

JSH Valued Member United States 410 Posts	Posted 05/01/2013 09:14 am This law was a pointless waste of time. It says that gold and silver are legal tender but stores don't have to accept them. Any store that wants to accept silver or gold as payment already can. So nothing changes, the law is simply a political statement. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 05/01/2013 09:24 am Curve ball for tourists. I have been in the Eldorado Canyon Mine in Az. Although it hasn't been worked out, it is now set up for tourists. I had a good yarn with the guy who runs it, and exchanged some good stories with him and about the big open cut gold mines in Kalgoorlie, Western Australia. The Eldorado Canyon Mine Az. is the first gold mine that I have been deep underground. Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 05/01/2013 09:25 am More gassy, mindless political hacks posturing, blowing wind, making mindless noise and trying to get free self-promotional advertising from the media. The media in turn loves this kind of stupidity because it gives them something to make noise about on an otherwise slow news day. Report this Post to the Staff
Earle42 Bedrock of the Community United States 10034 Posts	Posted 05/01/2013 12:08 pm Or... It might encourage the wider spread use of silver rounds dedicated to this very thing. NORFED.Liberty Dollar was a situation the Feds hated. These use of these rounds got common enough the Feds seized everything their creator had, but after two years they STILL have not sentenced the guy - likely b/c the Feds know what they did was illegal. Now there is a new Liberty Dollar made by a guy who took all of the trumped up complaints made in court against the original Liberty Dollars, got rid of these features, and is making the New Liberty Dollar that looks almost identical to the old ones. If someone starts using gold and silver, it cuts off the power of the Federal Reserve to make as much money as they want to out of thin air. So if a publicized, direct political statement is made that PMs are legal currency - educting the masses to something that is already fact - it serves to send a message to the feds. Who knows, maybe some smart individual in AZ will start up their own gold and silver AZ-Dollars? I think they could make a killing if they did. Especially nowadays, despite the media claims, the vast majority of Americans hate the current bind we find ourselves in that originates in DC. Playing on this common sense attitude could make an AZ-dollar maker a lot of profit. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halves https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/01/2013 12:23 pm Its basically a middle finger to the feds. If the dollar fails theres no Arizona so its a moot point. AZ is also more than rural enough that anyone who wanted to be using this method already was. But more importantly payback for the feds constantly going after them for actually trying to enforce immigration. Stores can already accept whatever they want for payment, this literally changes nothing Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 05/01/2013 12:31 pm It'll be interesting to see how this plays out. You can bet the farm that Washington will bring their full weight to bear in a no-holds-barred effort to stop any unruly upstarts from doing anything that might in any way erode the DC power base. Report this Post to the Staff
Earle42 Bedrock of the Community United States 10034 Posts	Posted 05/01/2013 3:02 pm @baseball Quote: Stores can already accept whatever they want for payment, this literally changes nothing Agreed - except that the public will be made aware b/c of the publicity this is getting. This also is why the Feds acted illegally in the NORFED case. If they actually sentence him, then the Feds are saying they can dictate what people can use for barter. The charges were totally bougus as the so called "evidence" was altered by showing pics of a very enlarged Mercury dime next to one of the NORFED rounds in an attempt to say he was counterfeiting. I believe the real reason they went after him was just to shut down the operation since it was getting so large. Now they have stalled the process - so they accomplished their goal. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halves https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/01/2013 5:33 pm Earl it does draw attention to it for sure but basically just a symbolic middle finger. As for norfed his mistake was adding dollar amounts and closely mimicking money. Had he just made rounds and not completely rejected the idea of our money they likely wouldn't care. If you start your own economy though on a large scale of course they'll care and you've given them no choice but to act. Report this Post to the Staff
allranger Pillar of the Community United States 1391 Posts	Posted 05/01/2013 6:13 pm Some one told me that it is also a preemptive way at making it so gold and silver can't be taxed as easily in the future. Don't know the validity of this claim. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/01/2013 6:18 pm My first guess would have been that makes it easier too since its now money. Report this Post to the Staff
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