It’s the state itself deciding to offer gold as a method of payment. How could that possibly be unconstitutional?
The problem I see is that it isnt very economical to transact using physical gold. The overhead costs will be extensive for what I’d see as meager use.
Unless everyone is willing to accept exchanging physical notes that represent the gold (cough cough).
The Eagle Forum also said that using gold fights inflation and passed both the House and Senate with overwhelming margins.
I’m not sure how they reached that conclusion. Even if gold price doesn’t move in sync with inflation, gold has appreciated faster than inflation since 2000. Since 2020, it’s up almost 40% in inflation-adjusted dollars.
Spot gold dropped as much as 6.3% to just under $4,100 per troy ounce, its largest intraday drop since 2013. Silver also tumbled more than 8% in its worst day since 2021.
The move came amid easing trade tensions between Washington and Beijing, a rise in the US dollar, and technical indicators flashing overbought conditions.
“Gold had several attempts to push above $4,400, starting last Thursday. But on each occasion, it ran into resistance,” Trade Nation senior market analyst David Morrison wrote in a note on Tuesday.
The key question now is whether the slide represents the start of a much-needed correction after a stunning rally year to date, he added.
edit. The chart
Rename thread to (or start a new one) “Is it time to sell Gold?”
I was thinking last night about how ridiculous the bubble has become. I can’t think of any reason for either of these metals to rise so much so fast. I read that smelters stopped buying scrap because they couldn’t keep up.
Too bad my only holdings are coins, mostly collectible, and mostly for the long term 
