Worried that the U.S. dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.
"There are lots of concerns about the U.S. monetary system," said the bill's sponsor, Republican Sen. Kent Lambert of Colorado Springs. "Individuals and states ought to be increasing their gold reserves. There's no way to maintain the value of anything if countries start a race to the bottom by inflating their currency to get out of debt."
Republican presidential candidate Ron Paul is among those who believe the nation should return to the gold standard, in which paper currency is guaranteed by precious metal.
"I am not a Ron Paul kind of guy," Lambert said. "But that's something I think is very legitimate that he brought up."
This story was posted in the Daily Herald out of Provo, Utah yesterday...and I thank reader Ken Metcalfe for sending it along. The link is here.
