Law Would Treat Gold and Silver As Money

The Missouri Senate has given initial approval to a bill that would treat gold and silver as money. The legislation from Weldon Spring Republican Bill Eigel (eye-gull) would allow businesses to accept gold and silver as payment. Eigel’s bill would also require state government agencies to accept gold and silver as forms of payment for taxes and public debts.

Affton Democrat Doug Beck takes issue with the bill even being taken up for debate when other priorities such as the budget and a hospital tax bill to fund Missouri’s Medicaid spending have yet to pass. The bill requires one final vote of approval before moving to the other chamber for consideration.