13 States Now Considering Gold and Silver as Money



The Utah Sound Money Act outright flies in the face of the fiat money system, which is the printed money used today; backed by nothing but the promises of politicians. While U.S. states cannot create their own currency under the Constitution, they are allowed to use gold bullion and silver bullion as legal tender.More and more states are now exercising that right.Lawmakers in Utah, when they studied history, found that every single instance of money printing and massive increases in a country’s debt always led to the destruction of the currency and a depression among the citizens that lived through it.

Other states considering legislation to make gold bullion and silver bullion legal tender are Montana, Colorado, Idaho, Indiana, New Hampshire, Georgia, Washington, Minnesota, Tennessee, and Virginia.
This may seem strange, but cultures in Asia would not be surprised, considering that gold bullion and silver bullion have been considered money for 5,000 years there. Also, people forget that, until 1971, the U.S. dollar was backed by gold bullion. The distrust of the money printing being enacted by the Federal Reserve and the unprecedented debts being accumulated by the U.S. government, which are increasing by at least $1.0 trillion per year, are being questioned....

The stock market, as measured by the Dow Jones Industrial Average, has been stuck in a narrow trading range between 12,500 and 13,000 for the past month.....

.......... By Michael Lombardi (http://www.profitconfidential.com/)