Gold and Silver Money now Legal Tender in Utah...Now what?Submitted by Awakening Day on Tue, 03/29/2011 - 20:12
As of Friday March 25, 2011 the State of Utah becomes the first in the World to make gold and silver coins minted by the United States Mint legal Tender since 1971. Governor Gary Herbert has signed the bill into law.
You can see the bill's status here: http://le.utah.gov/~2011/status/hbillsta/hb0317s01.htm
Now that the bill is past what do we do? It's an interesting question. As a Utah resident, do I talk to my local credit union and ask for a gold and silver account? Should I demand payment in gold and silver from my clients? These are interesting times. The media hasn't jumped on this yet but hopefully should in the next few days and weeks. Hopefully this creates an avalanche of wealth and prosperity for those who deal with Utah and start sparking state legislators everywhere to adopt the competing currency.
Let me know your thoughts!
It looks like the U.S. Mint is ready to sell brand new 90% silver Quarters!!!