Posted on 03/05/2025 9:24:13 AM PST by CFW
Republican lawmakers in Utah are moving a bill through the legislature that if passed and signed into law would allow vendors working with the state to be paid in gold – a change that could inspire other states and the federal government to do so and perhaps return the U.S. to the gold standard.
The bill has already passed in the state House and is working its way through the Senate, as this year's legislative session is coming to a close.
The leader sponsor for the House bill is Rep. Ken Ivory, who says the measure will give vendors – providing either goods or services – a choice on how they would like to be paid, including paper currency, but that gold, or silver, will allow them to "preserve their purchasing power."
State Treasurer Marlo Oaks recently told local KSL News Radio that "since gold usually rises in value, choosing to receive payment in gold will mean you could be less impacted by inflation."
“The value of your dollar is going down and gold has held its purchasing power,” Oaks also said.
(Excerpt) Read more at justthenews.com ...
Will our country ever return to American citizens being able to pay their debts in gold?
Never.
I think It would be a game changer if US issued and circulated $1000 gold coins.
Some places already accept the Goldback notes. The company is based in Utah, interestingly enough.
Well, maybe if we bomb ourselves back to a population of about 20 Million.
There isn’t enough gold in the world to support even America’s economy.
Empire_of_Liberty wrote: “Well, maybe if we bomb ourselves back to a population of about 20 Million. There isn’t enough gold in the world to support even America’s economy.”
Which means we would swap inflation for deflation.
I will gladly return to the workforce and move to Utah if I can get paid in gold or bitcoin.
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