Texas could be the first U.S. state to offer gold-and silver-backed digital currency. The paper money usually exchanged in the U.S. is fiat money, meaning it’s printed on paper with no intrinsic value. Its value is derived from the government or the law. But Texas’s new form of money would be an electronic means of using gold and silver that would be accepted worldwide, according to Kevin Freeman, host of the Economic War Room podcast.
Freeman tells NTD “In this era of central bank, digital currencies and federal control and everything else, it’s nice to have a state-based alternative that’s allowed under the Constitution that could protect your wealth, preserve your purchasing power, and at the same time preserve your privacy.”
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