Distrust of the Federal Reserve and concern that U.S. dollarsmay become worthless are fueling a push in more than a dozen statesto recognize gold and silver coins as legal tender.
Lawmakers in Arizona are poised to follow Utah, which authorizedbullion for currency in 2011. Similar bills are advancing inKansas, South Carolina and other states.
The Tea Party-backed measures are mostly symbolic — you stillcan't pay for groceries with gold in Utah. They reflect lingeringdollar concerns, amplified by the Fed's unconventional moves inrecent years to stabilize the economy, said Loren Gatch, whoteaches politics at the University of Central Oklahoma.
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