After Utah, other states make gold payments legal
Last March, the State of Utah passed the Legal Tender Act, thus making it legal to allow payments using gold and silver coins minted in the US.
After that, other 12 states passed similar bills, and returning the US into a gold backed economy gains support every day.
Thanks to this, residents of Utah will be able to use gold-backed Visa debit-cards:
This could come about through establishment and activation of a privately owned state depository that will accept (and value on a continual basis) gold and silver coins, including coins with high numismatic value. The holdings of an individual or business at the depository will provide the backing for dollar purchases run through the Visa debit card, but could work equally well for precious-metal-backed Visa purchases abroad, denominated in foreign currencies.
Read the complete story at Human Events: Utah spurs gold rush.
