SOUND MONEY: Utah’s 2011 Gold & Silver Success! «

This ACT recognizes gold and silver coins issued by the United States as legal tender in the state of Utah. This includes allowing the state of Utah to pay off debts in gold and silver and allowing individuals to transact in gold and silver coins without paying state capital gains tax, among other provisions.

The following report is provided as example of HOW TO SUCCEED in RECOVERING FINANCIAL SECURITY AND STABILITY in YOUR state through “sound money” via gold and silver. At the time in 2011, Utah implemented the law that put gold & silver on par with our regular (mostly worthless) “federal reserve” notes (backed by nothing) — meaning that there can be no tax or sales tax when buying / exchanging / swapping gold and silver and FRNs, there were NO other states in US having accomplished what this bill would and only one other country in world. (sorry, can’t remember which one)

Take a look below, see how UTAH led the way with its unique law, then call your own state’s House and State representatives and suggest they work to save your state’s economy too!

Sound Money Rings True – 30-sec TV spot

The 2011 bill was introduced as HB317 by State Representative Brad J. Galvez.

2011 Utah Rep. Brad Galvez and wife (on left), with supporter Larry Hilton of Alpine Utah, and Producer/Director Ken Cromar of Cedar Hills, Utah,at the Utah State Capitol for the signing ceremony where then Governor Gary Herbert’s signature made gold & silver legal tender by LAW in Utah.

The Utah Legal Tender Act – 2011 – HB0317S01

SOUND MONEY !- 3 part video series

The three-part video series below was designed to educate the Public on What is Sound Money?

Though not created with a massive Hollywood budget, the information is valuable, entertaining and easily understood by Jr. High School level on upward. ENJOY!

What is SOUND MONEY? — part 1 of 3 (5:53)

Do We Have SOUND MONEY? — part 2 of 3 (13:30)

Can We Restore SOUND MONEY? – part 3 of 3 (9:37)

Larry Hilton, supporter and promotor of the Utah Legal Tender act wrote the following:

Article I of Section X of the United States Constitution provides that “No State shall” … “coin Money” nor “make any Thing but gold and silver Coin a Tender in Payment of Debts;” By contrast, Section 8 of the same Article vests the power to coin money in Congress. These complementary provisions provide an apt example of vertical checks and balances between State and Federal governments. In other words, States have an important role to play in setting monetary policy.

As of the end of 2022, six states had enacted laws expressly recognizing gold and silver coin as legal tender. See, Arizona Revised Statutes Annotated. §§ 6-851, 43-1021 – 1022, and 43-1121 -1122; Colorado Revised Statutes Annotated § 11-61-101; Vernon’s Annotated Missouri Statutes § 408.010; Oklahoma Statutes § 62-4500; Utah Code Annotated (UCA) § 59-1-1501, et seq.; and Wyoming Statutes Annotated § 9-4-1301 et seq. As a testament to the growing interest in restoring sound money, four of these six states, adopted their specie legal tender laws within the last decade or so. At present, many other states are contemplating similar enactments.

The U.S. Supreme Court recognized in Lane County v. Oregon, 74 U. S. 71 (1868) that in the performance of its “essential functions” a State possesses broad powers to specify acceptable tender for the payment of taxes:

If, therefore, the condition of any State, in the judgment of its legislature, requires the collection of taxes in kind, that is to say, by the delivery to the proper officers of a certain proportion of products, or in gold and silver bullion, or in gold and silver coin, it is not easy to see upon what principle the national legislature can interfere with the exercise, to that end, of this power, original in the States, and never as yet surrendered.

Exercising such authority, Utah passed specific provisions in 2012 regarding the collection of sales tax on transactions consummated in specie legal tender. See UCA § 59-12-107(3)(h). https://upma.org/resources/state-legal-tender-laws

Additional RESEARCH

Note: The following may be helpful to your education and effort to restore financial security for your state. Please note, inclusion of links to businesses is NOT an endorsement of their company. These links do document important facts and intelligence that should give you food for though and additional study. So, Buyer Beware!

United Precious Metals Association – www.UMPA.org

Normally, when you go into a coin store and purchase $5,000 worth of silver coins it can only be sold back to the store for $4,200 the instant you walk out the door. When metals are purchased through UPMA you keep your whole $5,000 value. If the price goes up 1% then your account would be worth $5,050. Members sell at the same price that UPMA uses on a daily basis when gold, Goldbacks, or silver are purchased and vaulted here. Alpine Gold is proud to offer the most liquid precious metals accounts in the world through the UPMA.

Accounts can be funded by Check, Wire, Precious Metals, or Cash (if at the office).

The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. UPMA aims to provide viable choices in currency; offering accounts denominated in U.S. minted gold and silver dollars as well as free Goldback accounts. Members benefit from 0% buy/sell spreads and low vaulting costs.