Watch the money start pouring into Utah to take advantage of this new action. I’ve got to check Craigslist for apartments in SLC. Here’s the good news and a special thanks to Bill Greene for his work.
“Utah Legislature backs gold and silver as legal tender”
And so it begins… who’s next?
The Senate gave final approval Thursday to a bill taking the first step to recognize gold and silver as legal tender in the state.
It voted 16-7 to pass HB317, and sent it to Gov. Gary Herbert for his signature.
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 will put some pressure on the federal government. That’s the goal here because right now we have a dollar that’s just running away with inflation and our hope is that this is a little bit of a shock that’ll say we want to deal with inflation,” Senate Majority Leader Scott Jenkins, R-Plain City, Senate sponsor of the bill, said in earlier debate. He gave senators gold chocolate coins on Thursday before debate…
Rep. Brad Galvez, R-West Haven, sponsor of the bill, earlier told the House, “This is a step in preparedness, a step in security that allows us to be able to help hold up our economy as the dollar continues to shrink.”
Read the full article here: http://www.sltrib.com/sltrib/home/51404825-76/gold-silver-tender-coins.html.csp