To the Governor’s Desk: Texas Bill Establishes Bullion Depository, Helps Facilitate Transactions in Gold and Silver

AUSTIN, Tex. (May 31, 2015) – With just hours remaining before final deadlines in the 84th legislative session today, the Texas state House gave final approval to a bill that represents a first step towards gold and silver as commonly-used legal tender in the state.

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Thomas Jefferson, Opinion on the Constitutionality of the Bill for Establishing a National Bank

Hamilton justified the bank by broadly construing the constitutional powers of Congress. Jefferson, however, rejected Hamilton’s argument by claiming that the ratified Constitution created a federal government that was strictly limited in its political and financial power.

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Oklahoma Reaffirms Gold and Silver As Legal Tender Under New Law

OKLAHOMA CITY, June 11, 2014 – Oklahoma Gov. Mary Fallin has signed a bill into law that declares gold and silver as legal tender within the state. Signed last week, Senate Bill 862 (SB862) was introduced by Sen. Clark Jolley and Rep. Gary Banz, with co-sponsorship from Sen. Natham Dahm. It reads, in part: Gold…

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