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Could gold be used as currency in Georgia? A gold bill passed the state Senate
Forget paper money. Georgia senators want to legalize using gold and silver for everyday purchases. The Senate passed a bill last week that would set up a system for Georgians to buy gold, store it in a depository, and use a debit card to spend it on items such as fast food or milkshakes. Senators are selling gold as a hedge against inflation of the U.S. dollar, but skeptics say gold doesn’t necessarily protect hard-earned cash from rising prices. Sen. Marty Harbin, R-Tyrone, the sponsor of Senate Bill 424, said making gold legal tender will bring “financial freedom” to Georgians. “It’s really true money, ... (full story)