“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.”
Related posts:
Money hidden in pastries confiscated in Germany
BBC Glenn Greenwald full interview on Snowden, NSA, GCHQ and spying
8th Grader Arrested, Suspended for NRA ‘Protect Your Right’ T-Shirt With Image of Gun
Sweden aims to be cashless society
Military strikes on Syria 'as early as Thursday,' US officials say
US warns China not to challenge military flights over South China Sea
AIPAC to deploy hundreds of lobbyists to push for Syria action
French business erupts in fury against "disastrous" François Hollande
Women in combat: Will they have to register for the draft?
U.S. officers in Israel for military exercise
Jim Rogers: Buy Russia & China
Hundreds of thousands march against austerity in Portugal
Georgian president accused of using state funds for botox treatments
Start-Ups Fill Void Left by Spain’s 26% Unemployment Rate
Trigger-happy NSA guards hospitalize three men who took a wrong turn