March 5, 2011
By Brandon Smith
"Many states have legislation like this in the works, but I think that without ample trade networking and organizing taking place, lawmakers will not put it on the fast track. The States have to see that gold and silver trade is taking off with or without them. If they don't get in on the action, they will be left in the dust. If a legislator introduces a sound money bill to your state, get your friends, family, and barter network to call and write non-stop. Let your state know sound money needs to be taken seriously before it is too late...."
Utah Considers Return to Gold, Silver Coins
Its been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States -- beginning in Utah.
The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. The coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.
The legislation, which has 12 co-sponsors, would let Utahans pay their taxes with gold and also calls for a committee to study alternative currencies for the state. It would also exempt the sale of gold from the state capital gains tax....
