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Bill would make gold, silver legal tender in Utah

Last updated Wednesday, March 7, 2012 - 7:46pm

SALT LAKE CITY — A local lawmaker’s bill to allow gold and silver coins to be used as legal tender in Utah is gaining momentum.

The Senate voted 24-4 on Wednesday to adopt HB 317, sponsored by Rep. Brad Galvez, R-West Haven, to allow the precious metals to be used in retail transactions.

Currency, Economy, Global Economy, Gold, Inflation, Investment, Investments, Money, Retail, Shopping, Silver, Taxes, Utah, Utah Legislature Read more Comments

(LEE JIN-MAN/The Associated Press) A currency trader reacts at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Nov. 2, 2011. A wave of selling swept across Wall Street and stock markets around the world Tuesday after Greece’s prime minister said he would call a national vote on an unpopular European plan to rescue that nation’s economy.

Asia stocks down as Greek vote plan rocks markets

Pamela Sampson The Associated Press

Last updated Wednesday, November 2, 2011 - 10:15am

BANGKOK — Global market turmoil continued Wednesday as fears intensified that Greece might reject an austerity plan and default on its massive debts.

Business, Asia, Currency, Greece, Stock Market, International Read more Comments

(J. SCOTT APPLEWHITE/The Associated Press) Sen. Chuck Schumer, D-NY, left, and Sen. Jeff Sessions, R-Ala., right, discuss their bipartisan support for a Senate vote that cleared the way for debate on a bill that would impose tariffs on Chinese imports as a penalty for currency manipulation Monday, Oct. 3, 2011, on Capitol Hill in Washington.

Senate bill punishes China over undervalued money

Jim Abrams The Associated Press

Last updated Tuesday, October 4, 2011 - 7:51am

WASHINGTON — The Senate on Monday weighed whether to punish China for undervaluing its currency and taking away American jobs. At issue is whether legislation would boost the American economy, as its supporters argue, or initiate a damaging trade war with a major partner.

Business, China, Currency, Finance, U.S. Senate, International, National Read more Comments

(HARRY HAMBURG/The Associated Press) In this March 16, 2010, file photo Sen. Sherrod Brown, D-Ohio, with, from left, Sen. Charles Schumer, D-N.Y., Sen. Sam Brownback, R-Kan., Sen. Debbie Stabenow, D-Mich., and Sen. Lindsey Graham, R-S.C., speaks at a bipartisan news conference on Capitol Hill about legislation to combat China’s currency manipulation. The Senate is expected to take up the bill Monday, Oct. 3, 2011, which would impose higher U.S. duties on Chinese products. Schumer, Graham, and others have tried for over six years to increase those tariffs.

Congress addresses Chinese currency manipulation

Jim Abrams The Associated Press

Last updated Saturday, October 1, 2011 - 5:06pm

WASHINGTON — After years of trying, Congress is taking another stab at retaliating against what many see as Chinese manipulation of its currency to make its exports to the United States cheaper and U.S. goods more expensive in China.

China, Congress, Currency, Money, International, National Read more Comments

(JOSE LUIS MAGANA/The Associated Press) IMF Managing Director Christine Lagarde speaks during a news conference at IMF/ World Bank Annual Meetings at IMF headquarters in Washington, on Saturday, Sept. 24, 2011, as Singapore Finance Minister Tharman Shanmugaratnam, second from left, looks on.

World powers seek to contain Europe debt crisis.

Gabriele Steinhauser, Martin Crutsinger The Associated Press

Last updated Saturday, September 24, 2011 - 4:58pm

WASHINGTON — Global finance officials pledged on Saturday to take bolder moves to confront a European debt crisis that threatens to plunge the world into another deep recession. But sharp disagreements about exactly what to do can’t offer much reassurance to markets rocked by uncertainly in recent weeks.

Business, Banks, Currency, Debt Crisis, Finance, Europe, European Union, International Read more Comments

Burnt euro notes, burnt because they were unusable for various reasons, are displayed in the money museum of German Bundesbank in Frankfurt, Germany, Wednesday, Sept. 14, 2011, with the German word "Ungueltig" or invalid cut into them. A top lawmaker from German Chancellor Angela Merkel's junior coalition partner is defending comments by his party's leader that an "orderly insolvency" for Greece should be considered in the future if Athens cannot get its finances in order. The comments by Free Democrats leader Philipp Roesler roiled markets earlier this week. They prompted Merkel to say she saw no quick solutions to Greece's problems and caution that "everyone should very carefully weigh their words." (AP Photo/Michael Probst)

Continent weighs a Greek departure from the Eurozone

Henry Chu Los Angeles Times

Last updated Wednesday, September 14, 2011 - 12:15pm

LONDON — Unhappy Germans want them out. Plenty of Greeks themselves would be glad to oblige, relieved to quit a currency club that they feel is more curse than blessing.

Currency, Euro, Global Economy, Greece, European Union, International Read more Comments

Euro coins are photographed in Frankfurt, Germany, Monday, Sept. 12, 2011. Mounting fears over the possibility of a Greek debt default and signs of division within Europe's policymaking circles over how to deal with the crippling crisis combined Monday to send bank stocks sharply lower. Senior German politicians have suggested publicly in recent days that an orderly bankruptcy of Greece may be part of a solution to the country's problems. The notion, which has been a taboo so far in Europe's handling of the crisis, has spawned uncertainty in financial markets. (AP Photo/Michael Probst)

Greece, Europe struggle to contain debt crisis

Nicholas Paphitis The Associated Press

Last updated Tuesday, September 13, 2011 - 9:27am

ATHENS, Greece — German Chancellor Angela Merkel on Tuesday sought to calm market fears that Greece is heading for a chaotic default on its debts as Europe struggles to contain a crippling financial crisis.

Business, Currency, Debt, Finance, Germany, Global Economy, Greece, Stock Market, International Read more Comments

Utah listens to gold bugs, but I'll stick to Uncle Scrooge

Charles F. Trentelman Standard-Examiner staff

Last updated Saturday, May 28, 2011 - 8:55pm

You are probably wondering what to do now that gold and silver are legal currency in Utah again. Buy a vault? Learn to prospect?

Currency, Gold, Silver, Staff column Read more Comments

Utah became the first state in the country this month to legalize gold and silver coins as currency.

Gold, silver coins to be legal currency in Utah

Josh Loftin, The Associated Press

Last updated Monday, May 23, 2011 - 9:27pm

SALT LAKE CITY — Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”

Business, Currency, Financial, Gold, Silver, Utah Read more Comments