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Old 04-15-2011, 10:58 AM   #162
alkemical
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http://mises.org/daily/5196/Utah-Rec...ns-to-Be-Money

Utah Recognizes Gold Coins to Be Money

The state of Utah has recently enacted a law by which the gold coins issued by the US Mint are to be considered money and, therefore, not subject to capital-gains taxation. The law does not apply to foreign-issued coins, such as South African Krugerrands, by far the most popular precious-metal coin in the world. Nor does the law apply to privately issued coins, such as the so-called Ron Paul Dollar. Capital gains on the US-issued coins would still be subject to federal taxation.
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