The State governor of Oklahoma has amended the states currency laws to make gold and silver legal tender once again.

The purpose of the change was to remove all taxes levied on the purchase and sale of gold and silver in the state rather promoting the use of gold or silver as a method of payment.

Lawmakers are hoping the change in legislation will encourage citizens to buy gold and silver as a long term investment. The Law will take effect from the 1st of November 2014.

Utah, Louisiana and Texas have already made similar changes and a further 12 states are expected to follow suit.