Utah is First State to Recognize Gold and Silver as Legal Tender, Inflation Worries Loom
By Huma Khan
April 15, 2011
Starting in May, Utah residents will be able to shop in a currency other than the dollar--gold, something that hasn't happened since 1933. Utah became the first U.S state last month to recognize gold and silver coins minted by the federal government as legal tender...The move, proponents say, is caused by declining faith in the U.S. monetary system and concern about rising inflation.
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