is gold money ?, page-47

Zip, unless the good people of Utah are complete fools.

"The law has limited applications. As currency, the gold and silver coins, which are usually purchased by individuals as investments, are still only worth their face value in the eyes of the state.

"So even if the actual precious metal in your $50 coin has a market value of $1,400, it still only has $50 dollars worth of purchasing power." I think that CNN are being polite.

This law was a Tea Party stunt, no the beginning of a parallel monetary system.