By Stephen Dinan
The Washington Times
The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state — and for the value of their precious metal, not just the face value of the coins.
State backers said they hope the move will help insulate Utah from a potential monetary slide as countries question the value of the dollar. Others, casting their eye nationwide, said it could spur a broader move by Congress or states to readopt a gold standard. LINK...
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This is a VERY IMPORTANT developement. If this trend catches on in the U.S. we could be in store for a "Gold Standard" sooner than most people think. The scary part is that the price of gold will have to be adjusted to reflect the amount of money and credit created by the FED over the past few years and that number is in the TRILLIONS. This could send gold prices to the moon. BK
