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Under the proposed law, gold and silver would be accepted as legal tender and would be receivable in payment of all debts contracted for in the state of Missouri. The state would be required to accept gold and silver for the payment of public debts. Private debts could be settled in gold and silver at the parties’ discretion. ....
Passage into law would set the stage for the people of Missouri to undermine the Federal Reserve’s monopoly on money. On Jan. 17, the Senate Veterans, Military Affairs and Pensions Committee took the first step and passed SB735. ....
The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender and eliminating the state capital gains tax on the sale gold and silver. ....