Comments about ‘Lawmakers back recognizing gold and silver as currency’

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Published: Thursday, March 10 2011 12:46 p.m. MST

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cjb
Bountiful, UT

The reason we went off the gold standard is because we don't have enough gold to pay for all the things (aka oil) that we want to buy. Therefore we went off the standard hoping those who sell us stuff would continue to do so. It worked.

arand
Huntsville, u

Yes it did work, until they just kept firing up the printing presses like we are doing now. There is already talk with some countries, like China,Russia,Japan etc to stop using the dollar as a trading tool. If an when that happens, our money will be worth Zip. Why do you think we pay less for gas than most countries? Answer: Oil is traded in US dollars,If that changes, and I hope it does not, we are in big trouble. Gas prices in Norway are $7.42gl.

Utah is not the first State to come up with this idea. There are some States, that even started using alternative currencies USA Today reports there are over 150 of these currencies being used today in parts of the Mid West and East Coast. The largest one is the Berkshere, used mostly around western Massachusetts. There are over 2.3 million in circulation today.

KM
Cedar Hills, UT

The real reason we went off the gold standard is because the central banks made a deal with the devil and put everybody into worthless paper. If you haven't noticed, paper is going down for the count. We need to be tied to real intrinsic value that is found in gold and silver. hats off to the lawmakers of Utah.

JustinSLC
Salt Lake City, UT

This bill makes the exchange of gold and silver an "option" for businesses and individuals, but "does not mandate it". How does that change anything? Two parties can agree to exchange anything of value, whether it's gold, silver, potatoes, or blueberry pies. If they do choose to exchange gold, they're entitled to set whatever rate they want. This is another ridiculous Message Bill brought to you by the right-wing faction of the Utah State Legislature whose power is completely out of control.

And for you Constitutionalists and States Rights people, this also goes completely beyond the reach of any state's legislature. Article 1 Section 8 has given Congress the exclusive right to create money and regulate its value since Day 1 of this country.

arand
Huntsville, u

I agree, the more we print, the more we will need to purchase products. Those on fixed incomes like SS will be the hardest hit. We need to stop this madness, but it might already be too late. Right now, those little copper pennies we have are worth more than our paper bills. Copper is up over 80% in the last 2 years. I guess the saying a penny saved is a penny earned has some real value today.

Happy Valley Heretic
Orem, UT

Arand: 1982present*97.5% zinc core, 2.5% copper plating.
Golds and silver change daily that will make this a lot of fun
I'll pay my state taxes in ingots of silver and see how well this silly message law works.

Justin is the only poster who understands, and isn't a Glenn Beck worshiper.

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