Gold and Silver are the only legitimate means of payment according to the US Constitution

The article is a macro/policy commentary arguing that gold and silver remain the only constitutionally legitimate U.S. means of payment, but have been displaced by fiat money over time. It highlights historical milestones such as the 1873 Coinage Act, the 1900 Gold Standard Act, Roosevelt’s 1933 gold restrictions, Nixon’s 1971 end of gold convertibility, and the 1975 legalization of private gold ownership. The market-relevant takeaway is that renewed state-level support for gold and silver as legal tender, along with rising inflation concerns and dollar debasement arguments, reinforces the long-term bullish narrative for precious metals. The piece cites that 12 U.S. states had enacted related laws by mid-2025, 32 more were preparing similar legislation, and 45 states had already eliminated taxes on gold and silver transactions. It also notes gold’s price near $4,500/oz and the growing acceptance of Goldback notes, signaling continued grassroots demand for hard assets.