After the state's political leaders voted to approve silver and gold's use as legal tender earlier this year, the Orem man makes many purchases and gives to religious causes with precious metals. But he wondered why the state does not accept the very legal tender it approved.
"In my mind there's still no practical way of making this happen," state treasurer Richard Ellis told the publication, noting the state is unable to accept, authenticate and store precious metals. He said this is unlikely to change in the near future.
Political leaders in Utah are working toward building on precious metal's use in commerce, which has not occurred very much.
Markets are taking on a dubious tendency toward the whitish metal, according to the Dubai Chronicle. Last week saw risk return to the market, which pushed up the price of silver. But the volatile metal lost 1.87 percent of its value last week.
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