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Monday, April 11, 2011

Utah Returns to the Gold Standard

Lawmakers in New Hampshire, South Carolina, Tennessee and Virginia have introduced bills that would allow them to mint their own currencies, or otherwise allow for alternative currencies to settle debts both public and private.

Utah recently passed a bill recognizing gold and silver as legal tender.

Texas Congressman Ron Paul recently introduced a bill which would allow gold and silver (among other precious metals) to compete with Federal Reserve notes.


For gold and silver investors, it’s an exciting time. So many different events are taking shape that can only be bullish for precious metals in the coming months and years.

Some analysts estimate that a revaluation of gold to account for all the dollars in existence would put the yellow metal above $7,000 an ounce.

1 comment:

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