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. The Utah House on Friday voted 47-26 to pass HB317 by Utah state Rep. Brad Galvez, R-West Haven, and sent it to the Senate. The measure would recognize as legal tender gold and silver coins issued by the federal government. The measure would also allow the state of Utah to form a commission with the sole intent of examining whether Utah should consider an alternative form of legal tender, possibly gold or silver. “This is a step in preparedness, a step in security,” Mr. Galvez said, “that allows us to be able to help hold up our economy as the dollar continues to shrink. The move comes as proponents of the gold standard continue to speak out. Texas Rep. Ron Paul is among the most vocal of the group calling for a return to a pegging of the dollar to the price of gold.
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