The State of Utah, returns to Gold Standard ,the US $ is only backed by faith and lately there isnt much left, The Constitution called for Gold & Silver coins because the paper certificate scam is nothing new to history.people will trade with 1/10th ounce coins not 1 full ounce :) It's freedom because getting paid in gold has value while government paper enslaves as it cost money to print it. We don't need to end the welfare state. Just end the FED and the wellfare state will end itself.
As far as I can tell the law legalizes US federal minted gold and silver coins as "legal tender", and removes state capital gains tax and sales tax when they are sold / purchased using fiat. The tax provisions are all good, but since the face value of a PM coin is a tiny fraction of its melt value why would anyone use it as legal tender, i.e. exchange it based on it's face value?
Thursday, May 26, 2011
Return to the Gold Standard May 21, 2011
A great interview on CSPAN about the return to a gold standard. The interview also touches on Ron Paul and SDR's.Ralph Benko talked about the gold standard and the push by some conservatives to return to it. South Carolina is the latest state to propose a bill that would make gold and silver coins a form of legal tender in the state. Utah was the first state and more than a dozen other states are considering similar moves. He also responded to telephone calls and electronic communications.
Wednesday, May 25, 2011
The Silver Thursday and Texan Bunker Hun
The recent rapid rise and fall in the price of silver has left many making comparisons with 1980's Silver Thursday and Texan Bunker Hunt. Silver soared to an all-time high on Thursday 28 April 2011 , Silver briefly climbed to within a whisker of 50 U.S. dollars per ounce, eclipsing the peak hit when Texan brothers William Herbert and Nelson Bunker Hunt sought to corner the silver market three decades ago. The metal later pulled back on technical selling. Options traders reported strong buying of long-dated in-the-money silver calls, indicating bullish investor expectation.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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