Utah Goes for Gold: State Puts Metal Coins on Par with the Dollar (Well, Almost) – Yahoo! Finance

Biggest Gold Coin

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.

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Strange Random Gold Quote:
No gold-digging for me… I take diamonds! We may be off the gold standard someday.” – Mae West (American Actress and sex symbol, 1892-1980)

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Posted on May 24, 2011, in Video and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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