I was just catching up on the local news, and I don't know what to think about one article I just read. There is a debate today over a proposed bill in South Carolina that would allow shoppers to pay with gold and silver currency if a business accepted it. The lawmakers proposing the bill are trying to implement an alternative currency to keep the state afloat in such a crappy economy.
I say what a crock of bull! Gold may be at an all time high right now, but the price can fluctuate faster than the dollar. Besides who walks around with a bunch of gold or silver in their pocket? How would you know what business accepts what type of currencies? I can just see someone walking into a store with a brick of gold, and the following conversation ensues.
Cashier- What the heck is that? You can’t pay with that! That’s not money!
Customer- Yeah, I can! It’s like my custom coin, dude. Now give me my change!
Am I the only one who sees this proposed bill as a total waste of taxpayer’s dollars? Is it a scare tactic to try to get people to invest in gold and silver? I’m not trying to develop my own conspiracy theory, but I could totally see that being the case.