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Friday, April 21, 2023

Arkansas Makes Gold and Silver Legal Tender



The state of Arkansas has made gold and silver legal tender.

According to United States Gold Bureau:

Arkansas House Bill 1718, To Create The Arkansas Legal Tender Act; And To Reaffirm Gold And Silver Coin As Legal Tender, passed the House on April 3 and Senate on April 5. Governor Sarah Huckabee Sanders signed the bill into law on April 11, which goes into effect on July 6. The law will make gold and silver coins legal tender in the state.

The bill was sponsored by Rep. Robin Lundstrum (R) and Sen. Jonathan Dismang (R). There was overwhelming support in both houses from the Republic majority. The bill passed the House 82-8 and 32-0 in the Senate. The eight dissenting votes were from Democrats. Five Democrats and two Republicans did not vote on the bill.

This means gold and silver is to be considered money.

To read more, go here

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