|Collectively they will be known as the Glenn Beck Profiteering Acts of 2011.|
The Utah Sound Money Act is more voluntary. It would allow Utahans to pay the state in gold or silver and demand any payment from the state be in specie instead of cash.
Both Utah and Georgia plan on using existing US minted gold and silver coins. The United States last minted gold coins in 1933 have values in excess of their face value or worth as specie. The $20 Double Eagle has $1,324 in gold (at current prices) but sell for twice that and more on the open market. Of course, once states start using rare coins as legal tender their prices will rise.
And then there is Virginia which plans to begin minting its own gold and silver coins as a substitute currency to the American dollar. Of the three states, Virginia at least has some experience in minting money.
|Who else would put slaves on their bills?|