Gold

Iowa Bill Would Repeal Capital Gains Taxes on Gold and Silver Bullion

The proposed law would exclude capital gains and losses from the sale of bullion, coins, or currency from income for the purpose of calculating state income taxes. The bill defines "bullion" as bars, ingots, or commemorative medallions of gold, silver, platinum, and palladium where the value depends on its contents, not its form.

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Tennessee Bill Would Make Gold and Silver Legal Tender in the State

A bill filed in the Tennessee House would make gold and silver legal tender in the state. Passage into law would eliminate a big barrier to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

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Wisconsin Bill Would Take Step Toward Treating Gold and Silver as Money

The legislation would create a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium.

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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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Wyoming Senate Passes Bill to Take Another Step Toward Treating Gold and Silver as Money

The law would amend the Wyoming Legal Tender Act to require the state treasurer to establish a system to provide for the payment of mineral tax payments with specie or specie legal tender “subject to authentication procedures … that are consistent with precious metals industry standards.”

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Missouri Senate Committee Passes Bill That Would Take Steps Toward Treating Gold and Silver as Money

a Missouri Senate committee passed a bill that would take important steps toward treating gold and silver as money instead of commodities and would set the stage for the people to undermine the Federal Reserve’s monopoly on money.

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Tennessee Bill Would Make Gold and Silver Legal Tender in the State

Practically speaking, this would allow Tennesseans to use gold or silver coins as money rather than just as mere investment vehicles. In effect, it would put gold and silver on the same footing as Federal Reserve notes.

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Missouri Senate Committee Holds Hearing on Bill That Would Take Steps Toward Treating Gold and Silver as Money

The legislation would take two steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, and eliminating the state capital gains tax on gold and silver.

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Mississippi Bill Would Take Step Toward Treating Gold and Silver as Money

The legislation would exempt from sales tax the sales of platinum, gold, and silver bullion that are valued solely upon their precious metal content, whether in coin or ingot form.

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Oklahoma Bill Would Create State Bullion Depository

A bill filed in the Oklahoma Senate would establish a state 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 Oklahoma and set the stage to undermine the Federal Reserve’s monopoly on money

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