States Work to Make Gold and Silver Alternative Currencies to US Dollar

Contact Your Elected Officials
The Epoch Times Header

โ€˜I think people want to see their earnings and property be reflected in real money again,โ€™ Utah State Rep. Ken Ivory stated.

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 usedโ€”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 โ€œtransactional goldโ€ bill.

โ€œThis is about making sure that people have choices,โ€ Ivory told The Epoch Times. โ€œItโ€™s important that we give people a choice in how they store and transact their earnings and their savings.โ€

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

โ€œWe express our liberty and our work and our property in something called money, but where the dollar used to be money, now itโ€™s just currency,โ€ he said. โ€œI think people want to see their earnings and property be reflected in real money again.โ€

Money functions as a medium of exchange, a unit of account, and a store of value. But the dollar has struggled to hold its value since it was delinked from gold.

โ€œOne of the key elements of precious metals is the ability to hopefully retain purchasing power of your money, and so if the dollar is being eroded by inflation, precious metals have typically been able to preserve purchasing power better than the fiat currency,โ€ Utah state treasurer Marlo Oaks told The Epoch Times. 

A Growing Movement to Use Gold as Money

State lawmakers believe they are on firm legal footing in establishing an alternative legal tender. While the U.S. Constitution gives the federal government the exclusive right to โ€œcoin money,โ€ it also permits states to make โ€œgold and silver coin a tender in payment of debts.โ€

Byย Kevin Stocklin

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Armistice and amnesiaโ€ฏย 

In case you missed it too, June 25thโ€ฏmarked the 75th anniversary of the beginning of the Korean War โ€“ the first hot front of the Cold War.โ€ฏ

Candace Owens Gets Sued by Macrons

Candace Owens began a deep dive into the lives of French President Emmanuel Macron, his wife Brigitte, and the story of how they came to be together.

Fluoride โ€˜Tabletsโ€™ For Babies EXPLODE in Popularity Amid Water Fluoridation Rollbacks

Reportedly, NPCs are so distraught that their toddlers wonโ€™t be fed a neurotoxin through the public water supply that theyโ€™ve resorted to fluoride pills.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Bangkok Indians: โ€˜You Are Lucky Manโ€™

In Bangkok, friendly prostitutes outside โ€œmassageโ€ shops tell me Iโ€™m โ€œso handsome man.โ€ Indian men prowling those streets tell me Iโ€™m โ€œlucky man.โ€

Trumps America: Welpโ€ฆ that backfired.

The official @TheDemocrats account posted chart with the caption โ€œTrumpโ€™s Americaโ€ โ€” but didnโ€™t seem to notice how their own graph actually works.

Education Department to Release Billions in Withheld Grant Money for Schools

Dept. of Education said OMB completed a review of 2025 public education allocations โ€œand will begin dispersing funds to the states next week.โ€

Judge Maintains Nationwide Block on Trumpโ€™s Birthright Citizenship Order

A federal judge in Massachusetts has maintained his nationwide block on President Donald Trumpโ€™s policy restricting birthright citizenship.

COVID-19 Pandemic Accelerated Brain Aging Even in People Who Didnโ€™t Get Virus: Study

Brain aging appears to have accelerated by months during COVID-19 pandemic, even in people who did not get sick from the virus, according to study.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50โ€“50 Ahead of Tariff Deadline: Trump

President Donald Trump said thereโ€™s a 50โ€“50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habbaโ€™s Nomination for New Jerseyโ€™s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJโ€™s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Muskโ€™s Companies to โ€˜Thrive Like Never Beforeโ€™

On Thursday, President Trump said, โ€œI want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!โ€
spot_img

Related Articles