Several States Consider Silver and Gold Currency

CNNMoney reported that lawmakers in several US states want to explore the possibility of issuing their own currency made from silver and gold.

As quoted in the market news:

Unlike individual communities, which are allowed to create their own currency – as long as it is easily distinguishable from U.S. dollars — the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make “gold and silver Coin a Tender in Payment of Debts.”

Click here to read the full CNNMoney report.