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News Link • Gold and Silver

Gold, Silver Coins to be Legal Currency in Utah

• AP via Drudgereport
By Josh Lofton - Associated Press

SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

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