Kerr Mines Inc (KER)

[goldenpolarbear]

In recent years, there have been organized efforts across the country to pass laws recognizing gold and silver as money.

So far, there hasn't been any success on the national level, but efforts at the state level have been more positive.

In fact, one state was recently able to get a legal tender law passed. This means gold and silver are now legal forms of money in this state.

Let’s look at where this law passed and what it means for you and other precious metal owners.

HB 2014 Defines Precious Metals as Legal Tender

In May 2017, Arizona Governor Doug Ducey signed HB 2014 into law. This means that in the state of Arizona, precious metals, such as gold and silver, are now legal tender.

Arizona residents can purchase goods and services directly with gold and silver. Perhaps more importantly, Arizona residents can now sell gold and silver without paying any capital gains taxes to the state. Campaign for Liberty reports:

HB 2014 defines gold, silver, and other precious metals as legal tender and exempts them from capital gains taxes, thus allowing Arizona residents to use precious metals instead of Federal Reserve notes.

Dr. [Ron] Paul testified before the Arizona Senate Finance Committee in support of the bill in March.

"Every supporter of free-markets should cheer Arizona’s passage of HB 2014. There is no more justification for forcing individuals to use government-created money than there is for forcing them to drive government-manufactured cars. In fact, as the Federal Reserve’s 114 years of failure shows, giving monopoly control over our money supply to a secretive central bank is the most dangerous form of government intervention," said Dr. Ron Paul.

Fortunately, Arizona is not the only state that recognizes gold and silver as money.

http://www.newsmax.com/Finance/PeterReagan/Metals-Money-Law-Investors/2017/06/26/id/798269/

"...We often hear about ‘peak gold’, i.e. the maximum level of the global production of the yellow metal. According to some analysts, the gold supply already peaked in 2016 or it is likely to peak very soon, offering hope for gold bulls. We do not agree with them. The notion of gold peak is flawed and should not be a basis for investing in gold.

And here is why. It’s extremely difficult – or even impossible – to determine the peak in gold production, as the level of mining depends on many factors, including future discovery of new deposits and technological breakthroughs. Look at the chart below.
..."

http://news.goldseek.com/GoldSeek/1498837210.php