“Lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states. The Utah Precious Metals Association, established after passage of the 2011 law to advocate for the use of gold and silver coins, has about two dozen members enrolled in a two month-old bill-pay service in which their accounts are held in gold, said Lawrence Hilton, the group’s chairman. Hilton envisions a future with an alternative monetary system based on precious metals in which merchants accept silver coin while gold mostly backs electronic transfers.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 23 times, 1 visits today)
Related posts:
Microsoft drops data center into the sea: 'It will keep working for five years'
Joint Chiefs: Army reviewing rules of engagement over cyber threat
U.S. to let spy agencies scour Americans' finances
Lenders In Europe Will Need More Central Bank Cash, Fitch Says
NRA, gun rights groups target Sunnyvale, California, magazine ban
Irish 'rage' after bank cheated on multi-billion bailout
Police Officer (Identity Hidden) Says Cops Are Criminal Thug Gang
Ron Paul: The shutdown is not a real problem
UPS and FedEx Just Got a Major Boost in the Chinese Market
Monsanto, steaks, and chefs: Intellectual property and food
Police officer arrested, accused of aggravated battery with deadly weapon
Is Bitcoin the Answer to the Digital Economy?
iPhone app tracks route of cab ride so you can see if cabby took you for a ride
Protesters banned from tax title auction; 1 man arrested for using video camera
If Congress says no, can Obama strike Syria?