Gold and Silver used as Currency in Utah, David Morgan on Fox News

[belowthepovertyline]

Stupid legislation, just stupid.

[TheSilverGuild]

Apparently it is only to the face value of a gold or silver coin that you can use in Utah.

For example Who would use a gold eagle with a face value of $50 dollars that’s worth $1500 dollars ?

[TheSilverGuild]

@TheSilverGuild Just confirmed this is true. This is how the bankers killed the legislation.

Silver eagles are only worth their face value of $1dollar in Utah & not the spot price

[pkimrey]

you cant mix in good money without getting rid of a bad money first.

[silverguru]

I can hear her, but not David...

[MrCheckitout123]

thank you for the reply, to be clear i am a bull on commodities. however with that said, such a huge drop in silver last week caught all the silver stackers off gaurd. I do not see the average joe shop owner taking on silver in such a volital market place. that drop was large enough to sink many of business that are no long term stacking but are using the captial to turn over into next months profits...siver/gold is hedging that the USD has seen its day.

[TheSilverGuild]

@MrCheckitout123 Silver eagles are only worth their face value of $1dollar in Utah & not the spot price

[rocky98498]

do not sell your gold and silver, pay them it the fiat money that borrowed beyond there means and thats why there raising taxes, because they spend spend spend. other wise you will be suck with worthless dollars when it goes to zero.

[waldentree]

Sounds like a wealth grab by the state government. People must be short of money in Utah.

[32937isready]

She is high as a kite or dumb as a rock.

[anyonefindAMERICA1]

@32937isready LMAO!

[nextdimensions]

@32937isready Probably all of the above, plus the teleprompter just feeding her the lines.

[Alexiscom1]

I loved her statement " I will spend my gold coin instead of the paper dollar that worth absolutely nothing"

[acuriousbeast]

At this point it's mostly a symbolic gesture. It does get the idea out and lays some groundwork. The problem is the legal value of the coin is the face value printed on it.

[john1234r]

@acuriousbeast

I wonder about this too, good point.



[silvergoldhedge]

Useless blond MSM-drone... she just does not crasp the essence...

[donniebrasco24]

i dont think he got the sarcasm...

[goldcurrent1]

END the FED!

[IUserLitto]

...Silvers on a wild ride too... Didn't he just say that? LOL

[donniebrasco24]

@IUserLitto lol i know she's retarded, she should be making porn movies...

[MrCheckitout123]

that would have been great a few weeks ago.. buy 50.00 worth of goods and before the vendor can unload the silver it is worth 35.00.......ouch. 

[jsmythib]

@MrCheckitout123 in my opinion silver is more stable in reflecting commodity prices than the dollar...it would been great a few weeks ago- because it wouldnt have mattered as much! Oil also crashed- Whos unstable! :)

[FamilymanCA]

This is just the first step in educating us all back to how simple and smart the past generations were to be able to keep their wealth and use it without the threat of government or private banksters printing paper currencies and ruining our wealth through the hidden tax of inflation (the debasing of the paper/making it worth less).

Great start for Utah. I hope other states follow along as well!

[christiansteinke]

So, does this mean if you get a contract of employment in utah you can say, i don´t want a fixed amount of dollars every month, but a fixed amount of ounces of silver or gold ??

that would be a real weapon against inflation

Question from a guy in germany

[rocky98498]

the state wants your gold and silver because the dollars going down in flames.

[anyonefindAMERICA1]

@rocky98498 sounds like the truth. Hey buy an i-phone with the only thing you have that is worth something. LOL.