Daily Herald: Utah Money: New Gold Rush?
The Daily Herald takes a balanced look at the proposed Utah Sound Money Act, acknowledging the two-sides of the sound money coin: preparedness and prosperity:
Advocates stress that the idea is not to supplant the current money system but to give people another monetary option. Supporters of this hope that having alternative money will pressure governments to be more fiscally responsible, while providing protection against inflation of paper money.
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On the brighter side, supporters of the idea also see it as a way of stimulating the economy. They say that allowing gold and silver to serve as currency creates new wealth without diluting the value of paper dollars.