Utah House Stamps Gold, Silver As Legal Tender

Source - Salt Lake Tribune

It may not fold as conveniently as dollar bills, but the Utah House took a first step Friday to recognize gold and silver as legal tender.

It voted 47-26 to pass HB317 by Rep. Brad Galvez, R-West Haven, and sent it to the Senate. The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector.

It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold.

“This is a step in preparedness, a step in security,” Galvez said, “that allows us to be able to help hold up our economy as the dollar continues to shrink.”

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Comments

[DailyBail]

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[DailyBail]

Libya, Obama, and the Five-Second Rule

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[TR]

I think I'll pay any GOVT. debts with gold & silver & save my FIAT CURRENCY.

[SalemsLights]

Gold. Oil. Debt. that s their GOD

[KingofthePaupers]

Jct; Take something you don't have much of, yellow and silver dirt, and make it your medium of exchange. Har har har har. The dinosaurs in government haven't heard of timebanks which make human Hours the medium of exchange, something everyone has plenty of spare with which to do trades. Why not use moon rocks, they're just as rare and just as useful!