Apr 9, 2023
In this video, we’ll be discussing proposed legislation by Representative Alex Mooney of West Virginia to return the United States to the gold standard. This legislation, if passed, would require full backing of the US currency with gold – a practice that has been common throughout much of the country’s history. Interestingly, the founding fathers even included references to silver and gold as the only forms of real money in the United States Constitution.
But why is this important for investors? Well, if the US were to return to the gold standard, it could have a significant impact on the price of precious metals such as gold and silver. In fact, many experts believe that such a move could send these prices soaring.
And it’s not just the US that is showing renewed interest in gold. Central banks around the world are buying record amounts of gold, and even individual states are taking matters into their own hands. More than 20 states have forwarded legislation to allow their citizens to reclaim their right to use silver and gold as legal tender.
Plus, there’s even more exciting news coming out of Texas, where the state is proposing a digital currency completely backed by gold. With all of these developments happening, it’s no wonder that the price of gold and silver has been steadily rising in recent months.
So, if you’re an investor interested in precious metals, it’s definitely worth keeping an eye on these developments. Tune in to this video to learn more about proposed legislation to return the US to the gold standard, and what it could mean for the future of gold and silver prices.
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