New Minn. Bill Puts Premium On Gold, Silver

ST. PAUL, Minn. (AP) — Have a stash of gold and silver coins? A Minnesota lawmaker wants to recognize them as legal tender in the state.

First-term Rep. Kurt Bills introduced legislation Thursday to give the precious metals official standing in the state. The Republican’s bill also sets up a special committee to determine whether Minnesota should adopt an alternative currency.

Both ideas have popped up in states from North Carolina to Idaho as a nod to sovereignty and a protest to Federal Reserve monetary policy.

Even if the gold-and-silver bill became law, standard currency would still be permitted in Minnesota transactions.

The bill hasn’t been scheduled for a hearing as the session winds toward adjournment so it is unlikely to move ahead this year.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Citizen says:

    So, I can grab my old gold jewelery and pay my newly raised property taxes with it? Look out, Gold Guys, Minnesota is going to give you some competition. Of course, with the price per ounce of gold reaching record highs, the state could make a lot of money with a stash of gold! LOL

  2. Jim says:

    Apparently the House Republicas don’t have anything else to work on.
    The U.S. tried state sovereignty in 1780 with the Articles of Confederation. It was a disaster and led to the formaion of our present Constitution. You want a jobs killer, just let each sovereign state levy tariffs and have their own currency. Gold and Silver are just commodities why not base our currency on Soy beans instead.

  3. Eric says:

    Who votes for these nuts?

    1. JR says:

      Since they can’t figure out how to balance the budget, the Republicans will continue to work on feathering their own political nests by idiocy like this, a one-sided redistricting proposal, the “castle doctrine” bill and the proposed marriage amendment (MN already does NOT recognize gay marriage as a result of a decision of the MN Supreme Court directly on point, but these fools don’t care about facts). It is becomming increasingly obvious that the voters need to find some middle-ground party here, because the extremists on both sides don’t want to solve problems — they just want to get re-elected by firing up their own voting base.

    2. charlie says:

      your comment displays a lack of knowledge of history,economics,ethics and common sense

  4. Uncle Sam says:

    Recall this moron.

  5. MarkJamesK says:

    This sort of bill is just idiotic and shows how some things in our education system may not be working. Are these people home schooled and never read history past the year 1777?

  6. Brad Wegner says:

    the sad part is this idiot is a teacher in school district 196 rosemount-eagan-apple valley. Funny how they dont talk about these wing nut ideas when they are running for office!

    1. Hmm says:

      Is that the good district or the bad one, lol. I can never remember.

  7. kim says:

    What a waste of time!

  8. not bad says:

    Well, they aren’t getting rid of paper money.
    Just incorporating other methods of payment.

    Some people stand behind the fact that precious metals are never going away –
    think about it.

    Paper is paper, and it’s printed.

    1. Citizen says:

      @not bad. And that paper money is printed by the U.S. Treasury and backed by the full faith of the U.S. Government. The U.S. Government has been given the right to coin money by the U.S. Constitution. Where does Minnesota think it gets the right to subvert the U.S. Government and Treasury?

      1. Kenneth says:

        The government was never given permission to counterfit money though, and they don’t even print the counterfit money they pay interest to borrow it from private bankers who have most of the worlds gold. It’s the fault of too many ignorant idiots like yourself who make claims about monetary policy without ever having studied history or monetary policy. The goverment was dictated by the constitution to coin money only backed by precious metals. The banksters from europe got in our politics and this is what we ended up with. Since EVERY dollar has an interest owed the debt can NEVER be paid unless they start printing money with negetive interest. THINK AND RESEARCH!

  9. Jim says:

    If the value was cheap enough, and I was a cashier – I would be swapping my cash for it hands down.

  10. katydid says:

    Republicans – get to the real issues!!!

  11. Gold! says:

    Obama was leaving the country club golf course when he was accosted by an armed robber who demanded, “Give me all of your money!” Barack haughtily replied, “Do you know who I am. I’m the President of the United States!” The robber snarled back, “Then give me all MY money.”

  12. Cow Tipper says:

    It has to be clear by now that the Republican party is not interested in doing anything that we all hope and expect that they do. I will ask my Repulican representatives to put aside the budget and unemployment to spend some time to make it against the law to tip cows.

  13. Rockford says:

    This is what you get when uninformed voters are allowed to vote. Forget Voter ID, lets make voters take an intelligence test before handing them a ballot.

  14. GOPSUX says:

    The GOP sure has a lot to do.

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