Utah Passes Sound Money Law!

Earlier this month, we reported on the sound money bill which the Utah legislature passed. Last Friday, Governor Herbert signed this bill into law.

The core component of this new law is the legalized recognition of gold and silver coins (issued by the federal government) as legal currency within the state. They may be used voluntarily by consenting parties, and rather than recognizing the face value of the coin (a horribly distorted metric of the coin’s worth), the market price of the gold or silver content is recognized as its value.

Utah Passes Sound Money Law!

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