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Utah legalizes use of gold, silver as currency


Utah this week became the first state to legalize the use of gold and silver coins as legal currency, the according to the Associated Press.

Republican state Rep. Brad Galvez sponsored the bill, which also excludes gold and silver from capital gains taxes, as a protest against Federal Reserve policies. Galvez said he didn't want a complete return to the gold standard, but wanted to give consumers more options.

"We're too far down the road to go back to the gold standard," Galvez told the AP. "This will move us toward an alternative currency."

1 Comments in Response to

Comment by Rodney Lee Luke
Entered on:

 Some one has not read the United States Constitution have they, the supreme law of the land, which congress can not over ride.

( and no amendment has been approved by we the people to change it)

 article#1. section #10.

NO STATE--SHALL--  make any thing but Gold and Silver coin a tender in payment of debts.  (this applies to the state and the individual)

Utah is just finally adhering to the constitution

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