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It seems the Utah state House is taking the advice of Texas U.S. Rep. Ron Paul, officially stamping gold and silver as legal tender.

Read more: http://www.thestatecolumn.com/state_politics/utah/gold-standard-in-utah-...

Craig Franco hopes to cash in on Gold currency legalization with his Utah Gold and Silver Depository. His business idea: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

'The South Carolina General Assembly finds and declares that the State is experiencing an economic crisis of severe magnitude caused in large part by the unconstitutional substitution of Federal Reserve Notes for silver and gold coin as legal tender in this State.

Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves SB 1439.

If the dollar failed tomorrow and gold and silver took its place...Heck Yes!! Is it safe to say that the buying power of an ounce of silver or gold would match that of their current spot prices. In other words 1 ounce of silver would buy about $19.00 worth of goods and gold would buy apx. $1,200.00 worth of goods. Or would their values change dramatically therefore their buying power would be worked out overtime by the market.

One of my friends recently got into a debate over monetary issues. It seems there’s a rather large number of US residents that are unaware of what makes money good or bad. To alleviate this, I’m going to list the properties any good currency should have. I’ll also compare 3 currencies to see how they measure up: the US Dollar (aka Federal Reserve Notes), precious metals (gold and silver), bitcoin.

GREENEVILLE, TN — There’s gold in them thar hills — really.

Just ask IRS Agent Jack Bumgardner of the agency’s criminal investigations unit who last week dug up an estimated $200,000 or more in gold and silver coins in the Cherokee National Forest as part of an ongoing probe into the tax evasion scheme of Greeneville nurse anesthetist Edward K. Eastwood.

The Commonwealth of Virginia would begin minting its own gold and silver coins as an alternative currency to the U.S. dollar under a bill that Virginia Del. Bob Marshall says he will file in coming days.

Just when you thought your silver and gold coins were portable and outside of the realm of government intervention and scrutiny, we learn that the Transportation Security Administration may very well be starting to scrutinize possession of such coins if you travel through checkpoints, be they at airports or other public venues: