There is a new bill being discussed in the Idaho State House of Representatives that, if passed into law, would legitimize the trading of gold and silver for merchandise. This bill is Idaho House bill #622 and it has been linked for all of those that like to read legalese.
http://www.legislature.idaho.gov/legislation/2010/H0622.pdf
The gist of the bill is that it would enable the people of Idaho to trade gold or silver for merchandise whether it be in the form of coins, bullion, or electronic ounces.
Negative view:
A local news channel did a segment on this proposed bill that did not do it justice. Several comments on the segment considered it a hit piece, but the content of the following video shows just how unwilling people are to sacrifice a little convenience, even if the trade-off is ability to use sound money rather than a fiat currency.
http://www.localnews8.com/Global/story.asp?S=12113990
Positive view:
On the other hand, we have a guy in California that did video back in June of 2009, notice that gold was only $950/oz , showing how to do a transaction with silver at convenience store in a positive perspective.
http://www.youtube.com/watch?v=7IfyXyu7xNI
It is the sworn duty of every state legislator to support the U.S. Constitution and I am glad that some of current occupants of the Idaho state legislature see it that way.
Here are the rules:
Article 6, Clause 3 of the U.S. Constitution states: “…members of the several state legislatures…shall be bound by oath or affirmation, to support this Constitution…”
And, Article 1, Section 10, Clause 1 states: “No state shall…coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts;…”
And, Article 1, Section 3 of the Constitution of the State of Idaho states: “…the Constitution of the United States is the supreme law of the land.”
Reference:
Idaho HB 622: The Rule of Law
March 28, 2010
Political