depository

Tennessee Bill Would Create Precious Metals Bullion Depository

A bill filed in the Tennessee House would establish a precious metals bullion depository. This would not only create a safe place to store precious metals; it also has the potential to facilitate the everyday use of gold and silver in financial transactions in the Volunteer State and set the stage to undermine the Federal Reserve’s monopoly on money.

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Tennessee Bill Would Create State Bullion Depository

The legislation would establish a state bullion depository that could operate either "exclusively or non-exclusively" as a precious metals depository to "serve as the custodian, guardian, and administrator of certain bullion and specie that may be deposited with the depository by this state, a political subdivision, or another instrumentality of this state, or by a private individual, party, or other entity."

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Utah Bill Would Set Stage For State Gold and Silver Depository, Further Encourage Use of Metals as Money

SALT LAKE CITY, Utah (Feb. 1, 2017) – A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. Rep. Ken Ivory (R-West Jordan) introduced…

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