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Position:STATELINE - Gold standard in Utah - Brief article


Utah lawmakers have voted to make gold and silver legal currency, making their state the first to do so. The law creates a depository for precious metal coins that consumers can use in exchange for a debit card that will draw on the coins' value. Representative Brad Galvez sponsored the bill in part as a message to Congress that the current system isn't working. "We're too far down the road to go back to the gold standard. This will move us toward an alternative currency," he told the Associated Press. The law exempts the sale of gold and silver coins from the...

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