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Gov. Fallin signs state legal tender bill

June 5, 2014
Edmundson.com

State now recognizes gold and silver coins as hard money

Special to The Sun

OKLA. CITY — Gov. Mary Fallin signed a historic bill (SB862) Wednesday to recognize gold and silver coins as legal tender in the state. Oklahoma joins Utah, Texas and Louisiana as states that have removed taxes on gold and silver coins and nearly a dozen other states are currently considering legislation to recognize gold and silver coins as hard money.

The United States Constitution (Article I: Section 10) enables states to declare gold and silver coins as legal tender and gives them the impetus to remove all taxes on gold and silver. APIA is the leading organization promoting sound money and working to uphold this article of the Constitution.

“I commend the people of Oklahoma, particular Sen. Clarke Jolley and Gov. Mary Fallin, for asserting their state’s constitutional right to declare gold and silver legal tender,” said American Principles in Action Chairman Sean Fieler. “With the Federal Reserve actively suppressing interest rates and eroding the purchasing power of the U.S. dollar, it is welcome news to see one more state give its citizens tax-free access to money that holds its value over time.”

American Principles in Action was the leading group promoting this state legal tender bill in Oklahoma and they continue to work to promote sound money legislation across the U.S.

American Principles In Action is a 501(c)(4) organization dedicated to preserving and propagating the universal principles of America’s founding — that we are all, “created equal, endowed by our Creator with certain unalienable rights, and among these are life, liberty and the pursuit of happiness.”

- See more at: http://www.edmondsun.com/business/x1396877472/Gov-Fallin-signs-state-legal-tender-bill#sthash.AlkFUUaT.dpuf