Practically speaking, this would allow South Carolina residents to use gold or silver coins as money rather than just as a mere investment vehicle. In effect, it would put gold and silver on the same footing as Federal Reserve notes.
The post South Carolina Bills Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
Today, a law extending and expanding a sales tax exemption on the sale of gold and silver bullion and coins goes into effect. The exemption relieves some of the tax burdens on investors, and it also eliminates one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Now in Effect: Virginia Law Takes Another Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The new law makes several changes to the state’s sales and income tax code. It includes a sales tax exemption on the sale of “goldback” notes.
The post Now in Effect: Utah Law Exempts the Sale of “Goldbacks” from State Sales Tax first appeared on Tenth Amendment Center.
Repealing sales taxes on gold and silver obviously benefits investors. But it also takes a small step toward supporting sound money.
The post A Small Step for Sound Money first appeared on Tenth Amendment Center.
The new law will relieve some of the tax burdens on investors, and it will also eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money
The post Signed as Law: Ohio Takes Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
This month marks fifty years since President Richard Nixon closed the “gold window” that had allowed foreign governments to exchange US dollars for gold. Nixon’s action severed the last link between the dollar and gold, transforming the dollar into pure fiat currency.
The post From the Nixon Shock to Biden-flation first appeared on Tenth Amendment Center.PHOENIX, Ariz. (Aug. 3, 2018) – Today, an Arizona law goes into effect taking another step toward establishing gold and silver as money. The new law supplements Federal Reserve notes with honest money that has stable, constitutionally protected value. Rep. Mark Finchem (R-Tucson) sponsored House Bill 2013 (HB2013). The new law recognizes silver and gold as liquid…
WASHINGTON (July 31, 2018) – A member of the U.S. House Financial Services Committee is calling out the Federal Reserve and the U.S. Treasury for dodging questions about their activities involving America’s gold reserves. In a letter dated July 27, Representative Alex Mooney (R-W.Va.) wrote to Jerome Powell, Chairman of the Federal Reserve, and Steven Mnuchin, Secretary…
Today is day 537 that the GOP has failed to repeal Obamacare, or gun control, or end mass, warrantless surveillance… But states and individuals continue to take action to push back. Mike Maharrey (follow) and Michael Boldin (follow) discuss some recent wins for the nullification movement, and comment on the hype over the new Supreme Court…
CHEYENNE, Wyo. (July 2, 2018) – Yesterday, a law defining gold and silver specie as legal tender and eliminating all taxes levied on it became law. This paves the way for Wyoming residents to use gold and silver in everyday transactions, a foundation step for the people to undermine the Federal Reserve’s monopoly on money.…