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Gold’s Biggest Drop in 30 Years Fails to Deter Advocates

A drive to recognize gold and silver as legal currency, rather than trust in U.S. dollars, is forging ahead with bills in six states, even after gold lost 13 percent of its value over two trading days last month.

The gold-as-currency movement, fueled by distrust of federal monetary policy and concern that the dollar may be devalued, suffered a setback last week as Arizona Governor Jan Brewer vetoed a bill that would have made Arizona the second state to recognize gold and silver coins as legal tender.

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Gold's biggest drop in 30 years