Bill would make gold, silver legal tender in Utah

Digg thisShare on FacebookShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditTweet about this on Twitter

“SALT LAKE CITY — A local lawmaker’s bill to allow gold and silver coins to be used as legal tender in Utah is gaining momentum.

The Senate voted 24-4 on Wednesday to adopt HB 317, sponsored by Rep. Brad Galvez, R-West Haven, to allow the precious metals to be used in retail transactions.

Galvez says the measure is a step toward an inflation-proof alternative to paper currency.

If signed into law, the measure would make Utah the second state in the U.S., after Colorado, to recognize the coins as legal tender.”

Read More here:


    Leave a Reply

    Your email address will not be published. Required fields are marked *