Republican-sponsored Bill

From Eric Dondero:

In a monumental move, the Utah House of Representatives took the first step yesterday, to full legalization of gold and silver as currency, something long supported by libertarians.

It does not mean that gold and silver will replace the dollar as the accepted currency for the State of Utah. However, the legislation allows for the use of gold and silver as "legal tender."

From Fox News "Utah House Passes Bill Recognizing Gold, Silver as Legal Tender":

The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.

The legislation now heads to the state Senate, where a vote is expected next week.

There are 90 members of the Utah House; 63 of them are Republicans. The Bill was sponsored by Rep. Brad Galvez, R-West Haven. He is quoted in the SLC Tribune (via Gata.org):

This is a step in preparedness, a step in security," Galvez said, "that allows us to be able to help hold up our economy as the dollar continues to shrink."