Not everyone is buying the soothsayers' assertions that the economy is recovering. The number of commercials on television to buy gold should be sufficient evidence that people are nervous about their currency. As a result, several states have been promoting the use of gold and silver as an alternative currency, as part of a movement that we in Ohio call "Honest Money."
I have repeatedly advocated doing this in Ohio; but several states are actively considering the proposal in their legislatures. Here is an article from Fox News about the effort in Utah. If we delay too much longer on this proposal in Ohio, it may be too late. The transition for most of us will be much easier with gold at $1,429 per ounce than it will be at $2,000 or more. Other states looking into it are Georgia, Montana, Missouri, Colorado, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Washington, Vermont, and Virginia.
On a personal note, this is my 1,000th post. I have greatly enjoyed doing this over the last 3½ years, and have every intention of continuing. I welcome your e-mail on what you like about this blog, and how it can be improved.