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States Work To Make Gold And Silver Alternative Currencies To US Dollar

by Tyler Durden
Thursday, Mar 27, 2025 - 09:10 AM

Authored by Kevin Stocklin via The Epoch Times (emphasis ours),

Those who seethe as their dollars lose value to inflation may be pleased to know that many states are now working to pass laws that would allow gold and silver to be used—not only for savings and investment but as everyday currency for purchases and payments as well.

The state of Utah took a major step last week toward the use of gold and silver as transactional currencies, allowing their use for state payments to vendors. A bill, sponsored by state Rep. Ken Ivory, passed the Utah state legislature on March 18 and is now awaiting the signature of Gov. Spencer Cox.

If signed, this bill would make Utah the first state in America to pass a “transactional gold” bill.

“This is about making sure that people have choices,” Ivory told The Epoch Times. “It’s important that we give people a choice in how they store and transact their earnings and their savings.”

For Utah residents, the bill also addressed issues of local autonomy and preservation of savings, he said.

See complete article here: https://www.zerohedge.com/precious-metals/states-work-make-gold-and-silver-alternative-currencies-us-dollar

Original article here: https://www.theepochtimes.com/business/states-work-to-make-gold-and-silver-alternative-currencies-to-us-dollar-5831412?utm_source=partner&utm_campaign=ZeroHedge&src_src=partner&src_cmp=ZeroHedge