Malaysian state considering bill to make gold legal tender

[pmbug]

KUCHING (Sept 25): A call has been made for Sarawak lawmakers to pass legislation that would recognise gold as legal tender within the state.

In this regard, political activist Lina Soo has proposed the introduction of a ‘Sarawak Gold Bullion’ or ‘Specie Legal Tender Act’, saying that this move can provide a financial platform that operates within regulatory compliance, while also ensuring independence from traditional financial systems.

“Instead of waiting for the day we can have our own Sarawak currency, we can legitimise gold now as legal tender through a Sarawak Gold Bullion or Specie Legal Tender Act.
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Call on lawmakers to pass legislation recognising gold as legal tender

KUCHING (Sept 25): A call has been made for Sarawak lawmakers to pass legislation that would recognise gold as legal tender within the state. In this regard, political activist Lina Soo has proposed the introduction of a ‘Sarawak Gold Bullion’ or ‘Specie Legal Tender Act’, saying that this move c

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Sarawak - Wikipedia

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[nickndfl]

Malaysia is behind Thailand in economic development, but that whole Asian Tiger area will be running the world soon. They are lining up to join the gold backed BRICS unit currency exchange.

I believe $3koz gold $USD will materialize soon enough. When gold hits $5k is when you can starting taking Chinese language lessons.

 

[Fatrat]

Gold is money, everything else is credit...or something like that.