Gold Legal Tender in Utah
Utah’s new law lets vendors accept gold and silver as legal tender, expanding 2011 reforms.
The state can pay vendors in metals through a tax-free digital system using real-time market prices.
Unlike a gold standard’s fixed rates, this relies on fluctuating values, and taxes still require dollars.
While some see a gold standard revival, historical volatility raises doubts.
The law offers payment flexibility but underscores fiat currency’s dominance.
Read More at Moneycontrol
