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发帖数: 901 | 1 Utah has gone for gold — quite literally.
Last week the state became the first to pass legislation legalizing gold and
silver as forms of currency. The law also exempts the coins — which are
typically considered an investment -- from capital gains taxes.
This may come as welcomed news for gold bugs: gold has been on a tear for
decades -- currently hovering above $1500 an ounce -- and has held up in the
midst of tumbling silver, oil, and now the equity market. (See: Same Story,
Different Day: European Debt Crisis Spurs Global Selloff)
But, as you can imagine, Aaron and Henry are quite skeptical. "Are we going
to start walking around with huge bags of coins," Aaron quips. "Is that the
future of America?"
Perhaps, but that is not necessarily the intention of the Utah State
Representative Brad Galvez who introduced the bill in protest of the Fed's
monetary policy. "We're too far down the road to go back to the gold
standard," Galvez said. "This will move us toward an alternative currency."
Utah is not alone in this desire for an alternative to the weakening U.S.
dollar. There are about nine other states considering similar laws,
including North Carolina and Idaho.
As the law stands, Utah retailers are not required to accept this new form
of currency. Probably a good thing since placing a real-time value on gold
coins would be particularly tricky, as Aaron and Henry also note. |
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