Our U.S. dollar (USD) purchasing power is plummeting by the day, people!
It seems like only yesterday that we could exchange $15 for an ounce of silver. Now, we need to exchange nearly $30 for an ounce of silver. Evidently, Yogi Berra was not wrong when he quipped, “a nickel ain’t worth a dime anymore.”
Will we see $50 per ounce soon? Coventry League has commented about gold and fiat currency in the past. The blog ZeroHedge also asked a similar question a week or so ago: “Which comes first: gold $3000 or silver $50 (thanks to @neelkashkari for making this question possible).”
Fortunately, at least half-dozen states have passed legislation recognizing gold and silver legal tender.
Top 6 States for Gold and Silver Legal Tender
Utah, South Carolina, and Oklahoma have been the “gold standard” in setting legal precedent for returning to gold and silver legal tender. Congrats, by the way, to the newcomer on the list, “Take Me Home, Country Roads” West Virginia.
Song by John Denver
Are we missing a state that permits gold or silver legal tender? Let us know in the comments.