The Phaserl


5 reasons why US States are keen to return to sound money

by Jan Skoyles,

For many gold bears the fall in the price of gold against the US dollar was a sure sign that faith in the international reserve currency was back. However as Americans rush to order their coins from the US Mint and others lobby their state government to return precious metals to the monetary system, it seems as though the US Dollar is most certainly not back in favour.

Earlier today Arizona Governor Jan Brewer vetoed a bill that would have made gold and silver legal tender in the state, stating ‘administrative and fiscal burden’ which may have ‘resulted in lost tax revenue’. Despite this disappointing result, there remain several US states looking to return to sound money, as we explained in a previous article.

We take a quick look at 5 reasons why Americans might just want to return to sound money.

1It says so in the US Constitution

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