Stay updated with breaking news from William Eigel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Under the proposed law, gold and silver would be accepted as legal tender and would be receivable in payment of all debts contracted for in the state of Missouri. The state would be required to accept gold and silver for the payment of public debts. Private debts could be settled in gold and silver at the parties’ discretion.
On Tuesday, a Missouri House committee held a hearing on two bills that would make gold and silver legal tender, and take other important steps toward treating them as money.
Passage into law would set the stage for the people of Missouri to undermine the Federal Reserve’s monopoly on money. On Jan. 17, the Senate Veterans, Military Affairs and Pensions Committee took the first step and passed SB735.