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When
the governor of Utah signed a bill that made gold bullion and silver bullion
legal tender in the state last March, he had no idea of the groundswell he was
going to start.
The
Utah Sound Money Act outright flies in the face of the fiat money system, which
is the printed money used today; backed by nothing but the promises of
politicians.
…
It is not practical for people to carry around heavy gold bullion or silver
bullion coins, so the Utah Gold & Silver Depository was created. People can
deposit their gold bullion and silver bullion coins there and receive a debit
card to make transactions with—just like depositing money at a bank. The prices
of gold bullion and silver bullion are based on the closing prices of both
precious metals in U.S. dollars in London on each business day, creating the
exchange rate used on the debit card.
Missouri
and South Carolina in 2012 are the closest to enacting very similar legislation
and creating a gold bullion and silver bullion depository, just like Utah.
(Source: CNN Money, February 3, 2012.)…
…
Other states considering legislation to make gold bullion and silver bullion
legal tender are Montana, Colorado, Idaho, Indiana, New Hampshire, Georgia,
Washington, Minnesota, Tennessee, and Virginia…
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