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The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state — and for the value of their precious metal, not just the face value of the coins. State backers said they hope the move will help insulate Utah from a potential monetary slide as countries question the value of the dollar. Others, casting their eye nationwide, said it could spur a broader move by Congress or states to readopt a gold standard.
Originally posted by Aloysius the Gaul
I dont see what it will achieve.
It will force people into sepeculating on eth value of the precious metal whether theywant to or not - you have to accept gold/silver today for a $ amount....but tomorrow it may be worth more or less $$'s.
How is that a good thing??
Originally posted by Chakotay
Its the Constitution-
Congress shall not make anything other than gold or silver coin a tender in payment of debts.