Tag Archives: oklahoma

In recent years, there have been organized efforts across the country to pass laws recognizing gold and silver as money. While no success on the national level, one state was recently able to get a legal tender law passed, making gold and silver legal forms of money in this state.

Following in the footsteps of Utah, Kansas and Texas, Oklahoma recently passed a law to allow gold as legal tender, which has led some to believe that the U.S. is slowly moving towards the gold standard. How would that work? And is it even realistic? How would you even use gold in place of the U.S. dollar? It’s a fascinating topic with no right or wrong answers. In this Market Report, Will Hart and Jake Kennedy give their take on these questions. Pay special attention to the enlightening example that’s taking place in Ukraine today.

Each week, we bring you news and top stories about gold, precious metals and the economy. This week, a mining exec says he expects gold to hit $5,000. Also, Moscow has been hoarding gold this year as fast as it can get its hands on it, and now Russia on its way to become 2nd largest gold producer. Oklahoma, Utah, Texas, and Louisiana might be joined by other states in accepting gold and silver as hard money.