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Utah considers return to gold, silver coins
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<p>[QUOTE="whstler, post: 1118713, member: 29346"]States are allowed to accept gold (or silver) as payment if they want. The federal government can't stop that. There are several states that are considering this type of law. </p><p><br /></p><p><a href="http://foolocracy.com/2010/12/georgia-lawmaker-introduces-bill-requiring-taxes-to-be-paid-in-gold-and-silver/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://foolocracy.com/2010/12/georgia-lawmaker-introduces-bill-requiring-taxes-to-be-paid-in-gold-and-silver/" rel="nofollow">http://foolocracy.com/2010/12/georgia-lawmaker-introduces-bill-requiring-taxes-to-be-paid-in-gold-and-silver/</a> </p><p><br /></p><p><a href="http://www.caseyresearch.com/displayCdd.php?id=630" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.caseyresearch.com/displayCdd.php?id=630" rel="nofollow">http://www.caseyresearch.com/displayCdd.php?id=630</a> -- read 2nd story, titled Virginia Takes the Lead</p><p><br /></p><p><br /></p><p><br /></p><p>I think that the US government gave up on gold simply because they could no longer fund their spending as long as the US dollar was tied to gold. That is why Roosevelt confiscated gold back in 1933 and immediately raised the amount of dollars per ounce of gold, and that is why Nixon entirely put away the gold standard. </p><p><br /></p><p><br /></p><p><br /></p><p>Actually, there is plenty of gold to use as money, but the amount of US dollars per ounce would have to be VERY high.[/QUOTE]</p><p><br /></p>
[QUOTE="whstler, post: 1118713, member: 29346"]States are allowed to accept gold (or silver) as payment if they want. The federal government can't stop that. There are several states that are considering this type of law. [URL]http://foolocracy.com/2010/12/georgia-lawmaker-introduces-bill-requiring-taxes-to-be-paid-in-gold-and-silver/[/URL] [URL]http://www.caseyresearch.com/displayCdd.php?id=630[/URL] -- read 2nd story, titled Virginia Takes the Lead I think that the US government gave up on gold simply because they could no longer fund their spending as long as the US dollar was tied to gold. That is why Roosevelt confiscated gold back in 1933 and immediately raised the amount of dollars per ounce of gold, and that is why Nixon entirely put away the gold standard. Actually, there is plenty of gold to use as money, but the amount of US dollars per ounce would have to be VERY high.[/QUOTE]
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