Monday, March 7, 2011

Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

The fact that this news probably surprises a large cross section of the public implies far too many high school U.S. government classes no longer study or read the U.S. Constitution beyond “We the People.”

Headline: Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.

Source: foxnews.com

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