Howard Fischer
East Valley Tribune
May 4, 2013

1 oz. American Gold Eagle
Gov. Jan Brewer refused Thursday to make Arizona the second state in the nation to declare privately minted gold and silver coins, bars and ingots to be legal tender in the state.

In vetoing the measure, Brewer said she shares the concerns of proponents that the dollar isn’t worth what it used to be. And she said it’s likely to get worse “as a result of an unsustainable federal deficit.”
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But the governor said she’s not ready to take the plunge — one that so far only Utah has taken.

The legislation would have essentially done two things.

First, it would have put these precious metal coins and even bullion on the same legal footing in Arizona as dollars printed by the Federal Reserve Board.

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