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S&G Outlook: Utah Pushes To Accept Gold, Silver As Alternative Currency
Writing for Gold and Silver outlook, Tyler Durden offers his commentary on recent efforts in Utah to declare gold and silver coin a legal tender:
A month ago we reported that the state of Virginia has established a subcommittee to study alternatives in the case of a terminal “Fed” breakdown, and would propose gold as a sound alternative to the existing fiat currency. Now, the state of Utah has gone a step further and is actually voting, as early as today, on whether to recognize gold and silver coins, issued by the federal government, as legal currency, a move that would send a huge signal to the Marriner Eccles building that Americans have had enough of the Fed’s dollar debasement.
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