The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Thursday, March 22, 2012

Utah Legalizes Gold, Silver Coins as Currency

Prepare for the typical talking points from establishment lackeys who march lock-stop with the banking elite. Utah has made the first step towards relieving its citizens of the stranglehold of worthless fiat currency. While they're being denounced as "goldbugs" and nut-cases, the people of Utah will be far more prepared to handle the  pending monetary collapse than much of the country or the world. As this piece says, "gold as good as cash", it demonstrates the ignorance of many on monetary theory. The irony is overwhelming that this writer seems bemused by the assertion that gold could be used in the place of cash, little does Mr. Lofton know that gold and silver are indeed REAL money, and worthless pieces of paper are instruments of fraud.

Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

Read the rest here.
Huffington Post

Drew Martin,
Blogger, THL