Utah Legalizes Gold And Silver Currency

nice.

The Washington Times reports:

The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state — and for the value of their precious metal, not just the face value of the coins.

State backers said they hope the move will help insulate Utah from a potential monetary slide as countries question the value of the dollar. Others, casting their eye nationwide, said it could spur a broader move by Congress or states to readopt a gold standard.

“Utah, if the governor signs this particularly, they’re going to change the national debate on monetary policy and get us back to basics,” said Jeffrey Bell, policy director for Washington-based American Principles in Action. Mr. Bell has been in Utah to help shepherd the legislation through.

Utah’s bill allows stores to accept gold and silver coins as legal tender. It also exempts gold and silver transactions from the state’s capital gains tax, though that does not shield exchanges from federal taxes.

The legislation directs a state committee to look at whether Utah should recognize an official alternate form of legal tender which could become a path for creating a formal state gold standard.

Ron Paul explains:

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.

  • Phil Champagne

    Michael, in your opinion, what are the changes that the governor of Utah sign this bill into law? What’s his track record in regards to sound money?

    – EggDescrambler
    http://twitter.com/egg_descrambler

    • http://fascistsoup.com/ Michael Suede

      don’t know.

      I’m not familiar with Utah politics.