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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on March 29, 2011, 05:59:38 PM

Title: UTAH: YOU CAN PAY WITH GOLD
Post by: Bindare_Dundat on March 29, 2011, 05:59:38 PM

A new state law takes a shot at the Fed and recognizes gold coins as legal tender.

(http://i2.cdn.turner.com/money/2011/03/29/news/economy/utah_gold_currency/gold_american_eagle_coin.top.jpg)

The Beehive State has a new measure on the books that eliminates state taxes on the exchange of gold and silver coins and directs the legislature to study an "alternative form of legal tender."

The law, signed by Gov. Gary Herbert last week, also recognizes gold and silver coins issued by the federal government as legal tender in the state.

http://money.cnn.com/2011/03/29/news/economy/utah_gold_currency/index.htm

Title: Re: UTAH: YOU CAN PAY WITH GOLD
Post by: 240 is Back on March 29, 2011, 06:05:46 PM

Quote from: Bindare_Dundat on March 29, 2011, 05:59:38 PM

The law also recognizes gold and silver tungsten coins issued by the federal government as legal tender in the state.

Fixed

Title: Re: UTAH: YOU CAN PAY WITH GOLD
Post by: Freeborn126 on March 30, 2011, 08:12:17 AM

That's good to hear.  The only way to defeat the Fed is for the state governments to stand up to it.  The Constitution only gives Congress the right to coin money, not the private banking cartel known as the Federal Reserve.  Hopefully my state of Virginia will follow suit with Utah.