silver

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

The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender, and eliminating the state capital gains tax on gold and silver. It would also prohibit any public entity of the state from requiring payment in the form of any digital currency, including a central bank digital currency (CBDC).

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Arkansas House Passes Bill that Would Make Gold and Silver Legal Tender in the State

The legislation would make “gold and silver specie” legal tender in the state, meaning it would be recognized as a medium of exchange. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles. 

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Maine Bill Would Authorize the Investment of State Funds in Gold and Silver

The proposed law would authorize the Maine State Treasurer to invest state funds located in the Maine Budget Stabilization Fund under chapter 142 and any pension fund administered by the treasury in gold, silver, or other precious metals. In effect, holding gold and silver would help secure state assets against the risks of inflation and financial turmoil. It would also reinforce the importance of sound money in the state's financial system.

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

The legislation would make "gold and silver specie" legal tender in the state, meaning it would be recognized as a medium of exchange within the state. Practically speaking, this would allow Arkansans 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 practical footing as Federal Reserve notes.

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New Jersey Bill Would Take Small Step Toward Treating Gold and Silver as Money

A bill introduced in the New Jersey Assembly would exempt gold and silver bullion coins from state sales and use taxes.

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Signed as Law: Tennessee Authorizes State Gold and Silver Reserves

In practice, the enactment of HB1479 allows the state of Tennessee to hold reserves of gold, silver, platinum, and palladium coins and bars.

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Kansas Committee Passes Bill to Make Gold and Silver Legal Tender in the State

a Kansas Senate Committee approved a bill that would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on gold and silver. Passage into law would eliminate barriers 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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Maine Bill Would Take Steps Toward Treating Gold and Silver as Money

The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal. The bill would also exempt the sale of gold and silver legal tender from the state sales and use tax.

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

Under the proposed law, “specie coins” issued by the U.S. government or any other specie that a court of competent jurisdiction designates would be legal tender in the state of Kansas and recognized as a medium of exchange for the payment of debts and taxes.

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Texas Bill Would Require State to Establish Gold and Silver Reserves

The proposed law would require the comptroller of public accounts to purchase $4 billion worth of gold bullion and $1 billion worth of silver bullion and deposit it into the Texas Bullion Depository.

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