According to a person close to Herbert, the governor signed the bill because it eliminates capital gains taxes on a popular investment. The other stuff, not so much.The same source threw cold water on the idea that the study committee will go all the way in setting up gold and silver as full-fledged alternative currencies, claiming that there would be major constitutional issues that would get in the way.
"If somebody is stupid enough that they want to buy a Snickers bar at 7-Eleven with a gold coin worth thousands of dollars, they will be able to do that," the source said.
Desite its limitations, it's still an important symbol and milestone. It certainly shows how much political gain can be mined by bearding Ben Bernanke. Given the passion behind the bill in the House, I think a sneak was pulled to get the Governor to sign. That source may scoff, but it's still law. How broad the study committee's mandate will be, is going to be the next political battle for the gold standard. Once the idea spreads, those limitations should largely dissolve.