“It looks like the dollar is on its way out, gold and silver coins and bars hold their value. Time to buy gold,” says a man who studies markets, trends and has invested heavily in gold stocks. This person wishes to remain anonymous, but he sent me this tip for my benefit and so I could send you a WATCHWOMAN’S WARNING. ▬ Donna Calvin
Gold, silver coins to be legal currency in Utah
By JOSH LOFTIN
Associated Press
SALT LAKE CITY (AP) — Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”
To make that point, they’ve turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.
Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow.
The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.
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