One might suggest that we move these millions of medallions into circulation in support of the prevailing Keynesian philosophy attempting to spend us out of this depression. But that, unfortunately, is not an option according to the story from NPR:
Maybe they can be used to pay off some of this mountainous debt. They MUST be worth more than paper.
Sens. Jim DeMint (R-S.C.), Mike Lee (R-Utah) and Rand Paul (R-Ky.) this week introduced legislation that would exempt gold and silver coins declared by the federal or any state government as legal tender from taxation.
The Sound Money Promotion Act, S. 1287, is meant to build on what the sponsors see as a reaction to overspending by the federal government and the falling value of the dollar. The senators said that in May, Utah became the first state to recognize these coins as legal tender within the state, and said 12 other states, including South Carolina, are considering similar measures.
The long and short of it is that this “First Step to Sound Money” now may provide actual hope for those who desire sound money to be implemented in the United States by our elected employees.
For the rest of you, congratulations on not waiting for permission to survive.