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TOPIC: 13 States Now Considering Gold and Silver as Money

13 States Now Considering Gold and Silver as Money 30 Sep 2012 03:02 #1

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13 States Now Considering Gold and Silver as Money
Posted on September 28, 2012 by # 1 NWO Hatr

Backwoods Survival Blog

13 States Now Considering Gold and Silver as Money:When the governor of Utah signed a bill that made gold bullion and silver bullion legal tender in the state last March, he had no idea of the groundswell he was going to start.

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…

… It is not practical for people to carry around heavy gold bullion or silver bullion coins, so the Utah Gold & Silver Depository was created. People can deposit their gold bullion and silver bullion coins there and receive a debit card to make transactions with—just like depositing money at a bank. The prices of gold bullion and silver bullion are based on the closing prices of both precious metals in U.S. dollars in London on each business day, creating the exchange rate used on the debit card.

Missouri and South Carolina in 2012 are the closest to enacting very similar legislation and creating a gold bullion and silver bullion depository, just like Utah. (Source: CNN Money, February 3, 2012.)…

… 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…
fromthetrenchesworldreport.com/13-states-now-considering-gold-and-silver-as-money/22392/
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Personally , clean food , water and wood heat come first ....but when the SHTF can you can't barter , fortunately I'm living in a State that will some day make my investment useful. However for right now , I can't say I have MY ducks in the row. ;)
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13 States Now Considering Gold and Silver as Money 06 Oct 2012 08:39 #2

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… It is not practical for people to carry around heavy gold bullion or silver bullion coins, so the Utah Gold & Silver Depository was created. People can deposit their gold bullion and silver bullion coins there and receive a debit card to make transactions with—just like depositing money at a bank.

(Criticizing report)

Errmmm, ain't this how this whole thing started?

Anyway, I can understand why a person would want to translate gold/silver into dollars because nobody accepts gold/silver, which is why I never invested in modern times. FDR (I believe) started, and then Nixon finally killed, all that out out. And anyway, who paid with silver and gold during the 20th century? Few, I'm guessing.

Currency has many faces, when you think about it.

Why not invest in precious metals? Too volatile, not for me. I prefer companies with contracts between companies.
Last Edit: 06 Oct 2012 08:53 by Coco.
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13 States Now Considering Gold and Silver as Money 07 Oct 2012 21:57 #3

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"The truth must be repeated over and over again,
because error is repeatedly preached among us, not
only by individuals, but by the masses. In periodicals
and cyclopaedias, in schools and universities; every-
where, in fact, error prevails, and is quite easy in the
feeling that it has a decided majority on its side."

~ J. W. v. Goethe

Johannes Lang "The Hollow World Theory" Blog
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