Now in Effect: Arizona Law Takes Another Step to Support Sound Money

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…

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Latest Sign of China’s Slowdown: A Technology Cash Crunch

"In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally."

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Wyoming Legal Tender Act Treats Gold and Silver as Money; Foundation to Undermine the Federal Reserve

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.…

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Liberty Dollar relaunches as silver-backed cryptocurrency

"The original Liberty Dollars were promoted by the issuer to be used in commercial transactions as an alternative to federal currency, including Federal Reserve notes. Liberty Dollars eventually drew the attention of federal authorities, who filed criminal counterfeiting charges against Bernard von NotHaus."

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Too much gold around the house? Store it at Texas’ new precious metals depository

"Like other facilities that store precious metals, the Texas Bullion Depository insures them and has complex security measures to guard people's assets. Depositors can buy metals from a dealer and have them shipped directly to the depository, or send in what they already own."

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Idaho House Passes Bill to Help Encourage Use of Gold and Silver as Money

BOISE, Idaho (Feb. 12, 2017) – Today, the Idaho House passed a bill that would offset federal capital gains taxes on gold and silver specie, encouraging its use and taking another step toward breaking the Federal Reserve’s monopoly on money. The House of Delegates Revenue and Taxation Committee Committee introduced House Bill 449 (H449) on Jan. 30.…

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Drug lords make billions smuggling gold to Miami for jewelry and phones

"Much of that gold comes from outlaw mines deep in the jungle where dangerous chemicals are poisoning rainforests and laborers who toil for scraps of metal, according to human rights watchdogs and industry executives. In comparison, the U.S. gold supply, mostly mined in Nevada and Alaska, offers stiff competition and regulations. Big companies control the big mines. Smaller companies looking to deal in U.S. gold are restricted to buying recycled 'scrap' gold from pawnshops and jewelry stores. To gain a competitive edge, many U.S. gold traders look south."

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