Utah just passed a bill to accept gold and silver as currency, and we could not be happier.
The recent bill has essentially three components:
· Recognizing gold and silver coins as a legal tender
· Provides a credit for the capital gains tax implications on gold and silver used as currency.
· Sets up a joint committee to further study changes in the monetary policies of Utah.
We hope that other states, and eventually the federal government decide to seriously consider returning to the gold standard. Hip-Hooray for Utah courageously embarking on a new chapter!
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