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Gold's Safe-Haven Role is Over, Or Is It?
As gold broke below the psychologically important level of $1,200 an ounce late in December of 2014, the mainstream financial media burst with headlines like this one from Marketwatch, “Gold’s Safe-Haven Role is Over“. The Noble prize winning economist from The NY Times, Paul Krugman, penned a wicked missive on the ‘barbarous relic’ by invoking Keynes and the absurdity...
Gold and Silver Approved as Legal Tender by Arizona Senate
Arizona may become the second state, after Utah, to recognize gold and silver as legal tender authorized for payments of debts and taxes.
The Arizona Senate voted Thursday to approve SB 1439 which allows businesses and the state government to accept payments in gold or silver.
The Legal Tender bill specifies that legal tender in Arizona consists of all of the following:
1. Legal Tender authorized...