Wednesday, March 28, 2012

House Panel OK's Gold and Silver as Legal Tender

by Meg Kinnard:  Associated Press

COLUMBIA, S.C. — South Carolina residents would be able to use gold and silver coins as currency under a bill advanced Tuesday by a House panel.
The measure approved by the House Judiciary Committee would let people use the precious metals as money as long as businesses agree to take them. Legislators had made the argument that they didn't want to force businesses to take the metals and have to figure out the worth of the coins from one day to the next and amended the bill to remove such a requirement.

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