Arizona is on track to become the second state in the nation to recognize gold and silver coins as legal tender, joining Utah as part of a conservative movement stemming from a lack of confidence in the federal reserve and fear that paper money could soon be worthless.
Matt York/AP

“Arizona is on track to become the second state in the nation to recognize gold and silver coins as legal tender. It would join Utah as part of a conservative movement arising out of a lack of confidence in the Federal Reserve and a fear that paper money could become virtually worthless as U.S. debt deflates the value of the dollar.

Supporters consider the move a potential financial savior and envision a day when residents can carry debit cards funded by the gold they hold in special depositories.

Miles Lester, who represents a group called Arizona Constitutional Advocates, said during a recent public hearing on legal-tender legislation that ‘the dollar is on its way out. Its not a matter of if, its a matter of when,’ quoting Alia Beard Rau in The Republic | azcentral.com.
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