Rejected petition Allow Gold & Silver to be legal tender/currency in the UK
Amend Article 2 of 'The Exchange Control (Gold and Foreign Currency) (Exemption) Order 1979' to remove the prohibition of using gold and silver as payment for products/services; as well as any other corresponding legislations that go against this request.
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The reintroduction of gold and silver as legal tender/currency will assist in combating inflation as it will maintain a consistent value year on year. It will also help boost trading with other countries, increasing the UK's rate of development. Additionally, it will allow the circulation of money to flow through the economy which will greatly aid in reducing homelessness, unemployment rates, crime and many other detrimental factors affecting the UK.
This petition was rejected
Why was this petition rejected?
We can't publish petitions when the request is something that's already happening or something that has been announced since you started your petition.
We think your petition is covered by Government or Parliament action already. If you'd like something else, you could start a new petition clearly explaining what it is.
Gold and silver can already be used for transactions, and the Exchange Control (Gold and Foreign Currency) (Exemption) Order 1979 does not prohibit this. It is up to individual businesses whether to accept gold and silver for transactions.
We only reject petitions that don’t meet the petition standards.