Monday, May 23, 2011

It's Official

A Blow For Strong Currency
Utah made it official. They just passed legislation that makes gold and silver legalized "cash." The new law exempts the sale of coins from the state capital gains tax.

One entrepreneur has opened the Utah Gold and Silver Depository. Here's how it works: You take your gold and silver coins and store them in a vault. The depository issues a "debit-like card" so you can make your purchases. You no longer rely on US dollars for your transactions because your transaction are now backed and paid for by gold/silver. The Depository opens June 1, 2011.

The legislation was develpoped to serve as a protest against the Federal monitary policy of borrowing, printing, devaluing, and monitizing America's debt with paper money.

Similar legislation is in the works in North Carolina. Hopefully, other states will follow suit. We need to get control over BIG Government and the Federal Reserve Bank (who reports to no one but themselves).

Action To Take
Tell your state representative to follow the lead set by Utah. It could save your life savings!

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