Utah Considers Making Gold And Silver Legal Tender
source: http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp
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- Radical_Centrist
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Utah's state house took a step toward allowing gold and silver to be accepted as cash, passing a bill that would recognize government-issued gold and silver coins for not only their face value, but the value given to the items by collectors. If the bill passes, the state would study the idea of establishing an alternative form of currency backed by silver and gold.
The Salt Lake Tribune reports the bill wouldn't require people to accept gold and silver coins as money, and it would also exempt the sale of the coins from state sales tax as well as capital gains taxes.
A lawmaker who supported the bill did so out of fear that the dollar will collapse:
"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."
The U.S. abandoned the gold standard in 1933.
http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp
The Salt Lake Tribune reports the bill wouldn't require people to accept gold and silver coins as money, and it would also exempt the sale of the coins from state sales tax as well as capital gains taxes.
A lawmaker who supported the bill did so out of fear that the dollar will collapse:
"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."
The U.S. abandoned the gold standard in 1933.
http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp
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- groups:
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- tags:
- Ron Paul, Utah, Gold Standard
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PressCore
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Good on them. Since the Federal Government abandoned it's Constitutional
duty in 1933, and stoped the Gold Standard. Then again in 1964 stopped the
Silver Standard, they've betrayed the People and the States in favor of the
Banksters who subverted them. We won't have a rule of law at all unless we
adhere to traditionaly genuine money for the soundest of reasons. I won't
suck up to their Fed Ponzi Scheme. I've been collecting all the scrap Gold
I could find for years now. I know what's coming. It won't be pretty. - 1 year ago
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PressCore
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COMMONSENSEFORCOMMONGOOD_COM
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Is this not in conflict with Federal rights?
- 1 year ago
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COMMONSENSEFORCOMMONGOOD_COM
