07/03/2011
gold and silver sensation in the U.S.: The parliament of the U.S. state of Utah voted by a large majority for the introduction of gold and silver coins as an official Payment.
Other U.S. states want to follow. Return to the gold standard?
sensation in the U.S.: the representatives of the State House in Utah voted for the introduction of gold and silver as legal tender. The vote was overwhelmingly pro precious metals. 47 deputies voted in favor, only 26 against it!
was such a process is not in the U.S. in 80 years. If now for the gold revolution? In the U.S. there was an official gold standard from 1873 - 1933, after gold was prohibited in the private property and only after 1971 allowed again.
The law decision in the U.S. state of Utah is apparently just the beginning: So far, 13 states plan in the U.S. also planning to reintroduce gold and silver coins as legal tender. The votes are still awaited, but is generally expected that the result is similar to Utah.
Small downer: the precious metal coins are only accepted as payment if they come from the state coin. This may in practice have little impact. There is already public debate about whether individual states to return to the USA to the gold standard, to protect themselves against a weak dollar. .
After the vote in Utah must now sign yet of the Senate and the governor's new "golden law".
Source: MMnews.de
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