Utah legalizes gold/silver coins

[killer2021]

Originally Posted by wrcousert

Keep the gold and silver in a vault and issue certificates - something like Disney Dollars based on grams of gold. Maybe gift certificates good for x grams of gold?

The hard part will be convincing people to accept them.

Yup, it will never work in Utah for that very reason. You'll have to go to an area where there are alot of like minded people. You'd have to start off in a small town of people who currently own gold/silver and are willing to use gold/silver backed currency. A great place to do that would be in New Hampshire where they have the free state project.

Free State Project - Liberty in Our Lifetime

[Themanwithnoname]

Originally Posted by jtur88

The founders did not understand the basic principle of money.

If I give you a personal check for a dollar, that is money, to anyone who has faith that it's redeemable for something whose value is a dollar. If I am rich enough, and I write a million personal checks for a dollar each, they similarly have the same usefulness for exchange of wealth, dependent only on faith in the marketplace. They are called money.

Where, exactly, does such an instrument stop being a perfectly legal check and start being constitutionally prohibited money? Money is simply a widely trusted piece of paper that purports to represent value, and we all mint that every day out of our checkbooks.

It is you who does not understand what "Money" is. Shown here:

Congress shall have the ability to coin money.

NOT PRINT, not 'write a check'

A piece of paper is a IOU. That is why they were 'gold and silver certificates' to get them accepted.

A Dollar was original based on the Spanish measure of SILVER because the PAPER wasn't worth a 'Continental D*mn'

[jtur88]

Originally Posted by Nor'Eastah

OK.

So what is a "dollar"?

It's a word in the English language that describes a measurement of value, the way a mile is a measurement of distance and a degree is a measurement of heat, and MPG is a measurement of fuel efficiency. and GPA is a measurement of coursework proficiency, and a teaspoon is a measurement of baking powder. They all enable us to communicate with each other in ways that will be mutually understood by all participants in the conversation.