So it begins.....


Utah allows gold, silver coin to be used as legal tender
March 11, 2011 at 13:00

UTAH (Commodity Online) : Utah in Western United States has passed a legislation that would allow gold and silver coins to be used as a legal tender in the State; a move to hedge them from the value erosion that the US Dollar is undergoing,.

Analysts and think tanks have supported the move. But there is opposition too. As one of the law makers joked, Utah should make salt a legal tender owing to its surplus in the State.

The Utah legislation is touted as a rejection of fiat money and an opposition against tax code that encourages consumption.

The new wave is not restricted to Utah, as a dozen states have proposed such a bill.

In Virginia, the legislature there has passed a bill (which is yet to be signed by the governor) that would allow the state to mint gold, silver and platinum coins. This is expected to protect the state from the scourge of high inflation.

In fact, a Virginia delegate tried to initiate a resolution that would allow the state to have its own currency, but fell through.
Recently, there were unconfirmed reports that China is on a move to opt gold standard.

The US had been on gold standard for a major part of the 20th century, but Richard Nixon decoupled gold from currency in 1971.

In November last year, World Bank President, Robert Zoellick called for considering by nations a return to gold standard to better accommodate currency fluctuations.

The Utah bill is yet to be signed by the State Governor. Once this is through, there are arguments that the legislation may spur the US Congress to consider adopting gold standard.


Read it Here

WOW

Some claim that the $ has about 30 days of juice left in it ??!!?

Well - we will soon see!

If that is the case then we better brace for impact because all hell will break lose until there is a replacement for the dollar and even then it will be months if not years to return to normal, if ever