MONTGOMERY, Ala. (Jan. 16, 2017) – A bill filed in the Alabama Senate would exempt the sale of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Sen. Tim Melson (R-Florence) introduced Senate Bill 156 (SB156) on Jan. 11. The…
RICHMOND, Va. (Jan. 7, 2018) – On Jan. 1, a Virginia law that repeals sales taxes from some purchases of gold and silver went into effect. It represents an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money. A bipartisan coalition of delegates and senators sponsored House…
State legislative initiatives are an important part of the movement to reestablish gold and silver as legal tender in the U.S., but educating the public and encouraging them to use gold and silver is equally important. Legislative efforts continue to gain momentum in state legislatures across the country. Last year, three states passed bills that…
Last month, a reporter with the Anniston Star in Alabama interviewed me about a bill prefiled in the Alabama House for 2018 that would exempt the purchase of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. I could tell…
AUSTIN, Texas (Nov. 15, 2017) – The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that…
MONTGOMERY, Ala. (Oct. 25, 2017) – A bill prefiled in the Alabama House for the 2018 session would exempt the purchase of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Rep. Ronald Johnson (R-Sylacauga) prefiled House Bill 19 (HB19). The…
It’s easy to think there is no way to ever topple the Fed-controlled U.S. monetary system. But efforts to chip away at the Federal Reserve’s monopoly on money by facilitating and encouraging the use of gold and silver within state borders took some solid steps forward over the last year. An Indian myth offers some…
Some people believe that we can’t use sound money because there’s “not enough gold.” But they couldn’t be more wrong.
PHOENIX, Ariz. (Aug 9, 2017) – Today, an Arizona law went into effect that eliminates state capital gains taxes on gold and silver specie, encouraging its use as currency. The new law can help undermine the Federal Reserve’s monopoly on money. Rep. Mark Finchem (R-Tucson) sponsored House Bill 2014 (HB2014). The legislation eliminates state capital gains…
HJR38 passed by a vote of 125-14 and HB239 passed by a vote of 133-10.