GOLD
Click for more information
0.51% $1,391.7 gold futures

THE UNITED STATES CONSTITUTION... Article I, Section 10, "No...

  1. GrandJury
    574 Posts.
    clock Created with Sketch.
    22/05/16
    09:23
    Post #: 17833834
    THE UNITED STATES CONSTITUTION...
    Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something besides gold or silver a "tender in payment" (which means they cannot "make something else an offer as payment") for any debts, which would include debts owed by and to the State.

    COMMONWEALTH OF AUSTRALIA CONSTITUTION ACT - SECT 115
    States not to coin money..... A State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts.

    .........
    Last edited by GrandJury: 22/05/16
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Tenant turnover: Reducing costs and revenue-loss
right-arrow Created with Sketch.
LYC Lynas eyes first dysprosium, terbium HREE production in CY25
right-arrow Created with Sketch.
SFX Sheffield Resources achieves milestone production, shipments at Thunderbird, WA
right-arrow Created with Sketch.
SXL Southern Cross says no to buy up of Australian Community Media assets
right-arrow Created with Sketch.
PDN Paladin flags up to 4.5Mlbs of uranium production in FY25 guidance
right-arrow Created with Sketch.
RMS Ramelius boosts WA gold portfolio with stake in Spartan
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.