Utah State Representative Ken Ivory discusses Utah's consideration of using gold as a transactional currency for state matters

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Utah State Representative Ken Ivory
Utah State Representative Ken Ivory
(Photo by UtahReps/ Via Flickr)

Utah State Representative Ken Ivory discusses Utah's historic monetary policy legislation, which allows up to 10% of the state's rainy day fund to be invested in precious metals. The bill, vetoed by the governor, would allow state vendors to be paid in gold and silver electronically. Ivory highlights the bill's unanimous support in the House and Senate and the governor's concerns about practicality and appropriation. 

 

 

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