South Carolina Legal Tender Act Would Treat Gold and Silver as Money
By GCRU Gold News on Wednesday, November 27 2019, 01:52 - Permalink
A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money.
South Carolina could become the fourth state to recognize gold and silver as legal tender. Utah led the way, reestablishing constitutional money in 2011. Wyoming and Oklahoma have since joined.