TMP: Utah House Approves Gold And Silver As Legal Tender
Jillian Rayfield reports for TMP:
The Utah House of Representatives has approved a bill that allowing gold and silver coins to be used as currency, though unlike similar bills in other states, it doesn't force anyone to accept gold or silver as legal tender.
House Bill 317 was introduced by state Rep. Brad Galvez (R) last week, and passed the House by a vote of 47-26. It will now head to the state Senate for a vote.
The Salt Lake Tribune reports that Galvez explained: "This is a step in preparedness, a step in security that allows us to be able to help hold up our economy as the dollar continues to shrink."