Bill would make gold, silver legal tender in Utah

“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.”

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