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Utah Becomes First State to Pay Vendors in Gold and Silver as Legal Tender

Utah has become the first state in the U.S. to allow state vendors to be paid in gold and silver, following the passage of a new bill in the 2025 legislative session. Sponsored by Rep. Ken Ivory and Sen. Keith Grover, the bill received strong bipartisan support and awaits the governor’s signature. It authorizes the Utah State Treasurer to implement a precious metals-backed electronic payment system, enabling real-time transactions and secure gold storage.

This initiative builds on Utah's 2011 law recognizing gold and silver as legal tender and is part of broader efforts to enhance economic security. The move aligns with Article 1, Section 10 of the U.S. Constitution, which allows states to recognize gold and silver as money.

Currently, nine states accept gold as legal tender:

1. Utah

2. Texas

3. Louisiana

4. Wyoming

5. Oklahoma

6. Kansas

7. Tennessee

8. Missouri

9. Indiana 

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Gold Surges Past $3,000 – Is This Your Chance to Build Wealth?

Gold prices have skyrocketed past $3,000, and experts believe this is just the beginning. Should you invest now, or is it too late? 📈 Shannon Davis breaks down why institutions are stockpiling gold, where prices could go next, and how you can position yourself before it’s too late. Watch Now.