The the Utah legislature is discussing a bill that would build on the state’s Legal Tender Act this would create a foundation to further encourage the use of gold and silver as money. Many see this as another blow toward the Federal Reserve’s monopoly on money.
Representative Ken Ivory a Republican introduced House Bill 224 (HB224) on Jan. 27. 2017. The bill would add provisions to another state law which is in place to encourage the use of gold and silver as legal tender. Hopefully this will set the stage for extending gold repositories in the state and authorizing more sound money policies for the benefit of all.
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