Utah Legislature goes for gold, silver as currency options
Seen as hegde against dollar slide
By Stephen Dinan-The Washington TimesUpdated: 9:38 a.m. on Friday, March 11, 201
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.....
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http://www.washingtontimes.com/news/2011/mar/10/utah-legislature-goes-gold-silver-legal-tender/
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zul, toleary, and the rest of you Utah residents, we may be coming to join you guys. Sounds like some sensible thinking to me.
BA
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