Arizona could join Utah soon in approving gold and silver as legal tender

Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves Senate Bill 1439.

What does this all mean?

  • Gold and silver can be used as a mode for paying taxes and debts  
  • Although, no one can be compelled to accept it 
  • The U.S. government can't tax the gold or silver as it is considered money 
  • If signed into law, gold and silver will go into effect as legal tender in 2014 

Soon enough, will all the states follow along? How about other countries? It is just a matter of time.

For the island nation of Cyprus, the clock is ticking to come up with a solution to clinch an international bailout, otherwise it could face the collapse of its financial system and likely exit from the euro zone. Will they be the catalyst that collapses the euro?