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Watch part 1 of this interview: https://youtu.be/vWY855esnPA
Concern about inflation and a weakening U.S. dollar, is pushing more than a dozen states to try and recognize gold and silver coins as legal tender.
The Constitution allows for States to give their citizens the ability to settle debts in gold and silver, according to Ed Moy, former director of the U.S. Mint.
“What it does allow the states to do is give their citizens the ability to settle debts in gold and silver. It’s never been exercised since it was written into the Constitution until recently. After the Financial Crisis, a number of states, the current number is 12 of them, are trying to figure out how to operationalize Article 1, Section 10, to allow their citizens to buy and sell things in gold and silver,” Moy told Michelle Makori, editor-in-chief for Kitco News.
0:00 – Gold and silver as legal tender?
6:40 – U.S. capital gains taxes
9:34 – Dollar as reserve currency
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Investing in Gold – Buy It Now or Never?
Even though while considering price, gold is more attractive, from a supply and demand point of view silver would be preferred. On a long term, this unbalance should, and will be corrected by an increase in the price for silver, which is becoming in perspective a metal rarer than gold, because of limited reserves.
Look at Gold As an Investment, Not Only As a Mini-Treasure and JewelryWhy is gold precious? The subjective reason is that it’s just very coveted, desired and sought in order to add value to the owner, even beautifying him or her, if it is in the form of jewelry.
Investing in Gold and Other Precious Metals – A Good Thing?Gold and silver have always been recognized for their attributes. Today, those two metals are still an important part of any prudent investor’s portfolio. Economists at Investopedia have proposed to give a helping hand to those in the first steps of investing in precious metals by presenting their advantages and ways of trading.
Which Is The Most Powerful Global Monetary System In The World?The financial market is a mechanism which changes incessantly according to its inner principles and rules. No matter how hard the world’s leading powers would try to fix the problem of the fluctuating currencies, there are external, unpredictable factors that make the market impossible to entirely control.
Cash in Your Gold: What People Have to SayGold is a precious metal. It means a lot. For some, it is an heirloom.
Cash in Your Gold: Benefits and UsesIt is very surprising how gold can make wonders. It is not only the best form of investment and jewelry but you can also help other people with it. Cash in your gold have a lot of uses especially in your basic needs. Funny but it’s practically true. You could not eat your gold.
Gold to Cash: Is It Worth It?It has been a question whether cash for gold is really worth the gamble. You take the risk of selling your gold and in return you receive cash. On TV, there are a lot of commercials on cash for gold. Some have enticing promises that make you go and look for your scrap to be exchanged for money.
Gold to Cash: The Real StoriesTestimonies had been flooding in about how satisfied customers are with regard to their gold converted to cash. The stories came from real people who live an ordinary life but became happier only because of a scrap of gold.
Selling Gold to Cash Made SimpleSelling gold to cash now is made very simple with the help of the internet. All you need is to have a computer or laptop, fast internet connection, and presto, you can have all the lists of internet websites that buy gold online.
5 Questions to Ask Gold to Cash WebsitesWith the popularity of cash for gold websites, people just transact online if they want to sell their gold rather than go to the local jewelry store. With this, they became aware of their rights as online clients so they ask questions that are important to both the clients and the website.
