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State of Utah Passes Law to Use Silver & Gold as Currency

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Anonymous
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State of Utah Passes Law to Use Silver & Gold as Currency

Posted by John MacHaffie

 State of Utah Passes Law to Use Silver & Gold as Currency  Gold-and-silver-coin-prices-790168


Utah State Passes Silver & Gold Currency Bill into Law


Utah took its first step Friday toward bringing back the gold standard
when the state House passed a bill that would recognize gold and silver
coins issued by the federal government as legal currency.

The House voted 47-26 in favor of the legislation that would also exempt
the sale of gold from the state capital gains tax and calls for a
committee to study alternative currencies for the state.

The legislation now heads to the state Senate, where a vote is expected next week.

Under the bill, the coins would not replace the current paper currency
but would be used and accepted voluntarily as an alternative.

If the bill passes, Utah would become the first of 13 states that have
proposed similar measures. The others states are Colorado, Georgia,
Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South
Carolina, Tennessee, Vermont and Washington.

Backers of Utah's bill say they want to send a message to the rest of the country.

"People sense that in the era of quantitative easing and zero interest
rates, something has gone haywire with our monetary policy," said
Jeffrey Bell, policy director for the Washington-based American
Principles in Action, which helped shape the bill.

"If one state recognizes gold as a valid currency, I think it would
embolden people not just in other states but in Washington," he said.

The U.S. used the gold standard from 1873 until 1933, when President
Franklin D. Roosevelt outlawed the private ownership of gold amid the
Great Depression. President Richard Nixon abandoned the gold standard
altogether when he announced in 1971 that the U.S. would no longer
convert dollars to gold at a fixed value.

Article Link Here: http://nesaranews.blogspot.com/2012/04/state-of-utah-passes-law-to-use-silver.html

PurpleSkyz

PurpleSkyz
Admin

You ever wonder why even the smallest of towns has cash for gold stores? Here in Woodstock we have 6. 6!!!!!
I saw another open last week. We don't have but 20 to 25k people here. A contractor friend of mine says the government is footing the bill for these stores and outlets. That means we are footing the bill. This crap needs to stop soon.



  

Guest

Anonymous
Guest

Woodstock, GA by chance??

Yes all this crap needs to stop!

PurpleSkyz

PurpleSkyz
Admin

Woodstock Illinois. I am about 15 minutes from the Wisconsin border about an hour and a half from ChiTown



  

Guest

Anonymous
Guest

Ah, ok. Off what closest hwy?

PurpleSkyz

PurpleSkyz
Admin

I live near Rt.14 and Rt 47.



  

Guest

Anonymous
Guest

Hmmmmm...ok. Use to travel between East coast & Midwest a lot.

Go Red Wings! :cheers:

PurpleSkyz

PurpleSkyz
Admin

HA!
Is that baseball? I really don't know. hahaha



  

Guest

Anonymous
Guest

Lol no we lost...hockey girl, hockey! :lol:

PurpleSkyz

PurpleSkyz
Admin

Ohhh hockey.... :)

Used to watch the Hawks when I was young. Bobby Hull, Stan Machieta.
Hull lived in my neighborhood when I lived in Addison. Was inside his house once.

Loved the movie Slap Shot!!!



  

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