Individual US States push for gold and silver legalization

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In the end I believe we would have to cut services as a consumption tax just would not bring enough money. My opinion.
 
So you directly pay your Fire Department, no pay, the Department show's up and protects the neighbors and you suck lemons....same with Cops, ambulances, Hospitals....
 
Fatrat said:
So you directly pay your Fire Department, no pay, the Department show's up and protects the neighbors and you suck lemons
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Your post reminded me of something I read some years back.

www.nbcnews.com

No pay, no spray: Firefighters let home burn

Firefighters in rural Tennessee let a home burn to the ground because the homeowner hadn't paid a $75 fee.
www.nbcnews.com www.nbcnews.com


I don't know how prevalent this sort of thing is, but it does happen.
 
I remember debate on GIM2, people arguing whether the homeowner could then buy in or was he SOL...I was in the SOL Club.
 
searcher said:
Lawmakers in the North Carolina House of Representatives have voted in favor of studying the benefits of having an in-state bullion depository.

House Bill 721, introduced by Rep. Mark Brody (R – 55), would prompt a study into how North Carolina could establish its own bullion depository to securely store the state’s physical gold, should it choose to make such an investment, was approved by the state House 73-40 in June. The bill first received a favorable report before the House State Government committee.

www.soundmoneydefense.org

North Carolina House Votes to Study Establishing In-State Bullion Depository

House Bill 721, introduced by Rep. Mark Brody (R – 55), would prompt a study into how North Carolina could establish its own bullion depository to securely store the state’s physical gold, should it choose to make such an investment
www.soundmoneydefense.org www.soundmoneydefense.org
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Related.

RALEIGH, N.C. (April 21, 2025) – A bill filed in the North Carolina House would officially recognize gold and silver as legal tender and repeal state capital gains taxes on the metals. Passage into law would set the stage for the people themselves to undermine the Federal Reserve monopoly by introducing competition into the monetary system.

blog.tenthamendmentcenter.com

North Carolina Bill Would Recognize Gold and Silver as Legal Tender, Repeal Taxes | Tenth Amendment Center

Under the North Carolina Sound Money Act, investment coins and investment metal bullion made of refined gold or silver that is stamped, marked, or imprinted with its weight and purity would be recognized as legal tender in the state.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
 
searcher said:

Now in Effect: Louisiana Law Recognizes Gold and Silver as Legal Tender in the State​

By: Mike Maharrey | Published on: Aug 1, 2024|Categories: Federal Reserve, State Bills|

BATON ROUGE, La. (Aug 1, 2024) – As of today, gold and silver are officially recognized as money by the state of Louisiana.

Sen. Mark Abraham filed Senate Bill 232 (SB232) on March 1. Under the new law, “any gold or silver coin, specie or bullion issued by any state or the United States government as legal tender shall be recognized as legal tender in the state of Louisiana.”

The House passed SB232 by a 92-0 vote. The Senate concurred with a vote of 38-0. With Gov. Jeff Landry’s signature in May, the new law went into effect on Aug. 1.

Beyond the provisions to make gold and silver legal tender, the bill also specifies that “no person shall incur any liability for refusal to accept recognized legal tender for the payment of debts, except as provided by contract.”

blog.tenthamendmentcenter.com

Now in Effect: Louisiana Law Recognizes Gold and Silver as Legal Tender in the State | Tenth Amendment Center

Under the new law, “any gold or silver coin, specie or bullion issued by any state or the United States government as legal tender shall be recognized as legal tender in the state of Louisiana.”
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
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Update.

blog.tenthamendmentcenter.com

Louisiana Bill Would Create 100% Backed Gold and Silver Transactional Currency | Tenth Amendment Center

A bill filed in the Louisiana House would establish a 100 percent gold and silver-backed transactional currency.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
 
pmbug said:
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we have been running this gauntlet the last 3 yrs to this point and not getting to the floor ...... im sure my representatives are tired of hearing from me on it LOL ...they like to lip service it and then let it die in committee or just not make it to the floor for final votes .... always held up for questions of constitutionality etc.
 
It seems like these bills have a lot of momentum right now.
 
pmbug said:
It seems like these bills have a lot of momentum right now.
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yes.....and that will help with missouri...we were early to the party the last few years and there was a lot of skepticism by some here usually it would pass senate...and never get out of the house committee due to chairperson putting off due to perceived constitutional issues ...each year we reintroduce and get it thru the senate and to the house and it dies now with other states leading the way we do have a very good chance of getting it out of committee and i think we have plenty of votes in the house to pass it...........we shall see .....thx for bringing it up
 
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Maine Should Support Sound Money By Passing LD 372​

As inflation cuts into Mainers’ savings, individuals and businesses are actively seeking ways to protect their hard-earned money. LD 372, sponsored by Sen. Marianne Moore (R-Washington) and Rep. Laurel Libby (R-Auburn), and supported by the Sound Money Defense League and Money Metals Exchange, would end sales tax on purchases of gold and silver across the state.

The problem of the steady erosion in the value of the Federal Reserve note, i.e. the dollar, is rooted in irresponsible federal monetary and fiscal policies. Maine doesn’t have to stand by as the effects of federal policies harm Mainers statewide. Here’s why Maine should be the next state to enact sound money legislation: Gold and silver are primarily held for resale, similar to other traditional financial investments.

More:

www.themainewire.com

Maine Should Support Sound Money By Passing LD 372

By Matthew Cortez As inflation cuts into Mainers’ savings, individuals and businesses are actively seeking ways to protect their hard-earned money. LD 372, sponsored by Sen. Marianne Moore (R-Washington) and Rep. Laurel Libby (R-Auburn), and supported by the Sound Money Defense League and Money...
www.themainewire.com www.themainewire.com
 
searcher said:
JUNEAU, Alaska (April 24, 2024) – Yesterday, an Alaska Senate committee passed a bill to make gold and silver legal tender in the state and repeal all taxes on them. The bill previously passed the House and will now move forward in the legislative process.

Rep. Kevin McCabe (R) introduced House Bill 3 (HB3) in 2023 and it carried over to the 2024 legislative session. The proposed law would make gold and silver specie legal tender in the state, recognizing it as a medium of exchange for the payment of debts. In effect, gold and silver specie would be treated as money, rather than a mere investment vehicle, putting it on par with Federal Reserve notes in Alaska.

blog.tenthamendmentcenter.com

Alaska Senate Committee Passes Bill to Make Gold and Silver Legal Tender in the State | Tenth Amendment Center

The proposed law would make gold and silver specie legal tender in the state, recognizing it as a medium of exchange for the payment of debts. In effect, gold and silver specie would be treated as money, rather than a mere investment vehicle, putting it on par with Federal Reserve notes in Alaska.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
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Update

blog.tenthamendmentcenter.com

Alaska Committee Passes Bill to Make Gold and Silver Legal Tender | Tenth Amendment Center

Under the proposed law "specie," defined as "gold or silver valued primarily based on its metal content and in the form of coin or bullion," would be recognized as legal tender. In effect, gold and silver would be considered a valid medium of exchange for the payment of debts in the state.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
 
searcher said:
Update

blog.tenthamendmentcenter.com

Alaska Committee Passes Bill to Make Gold and Silver Legal Tender | Tenth Amendment Center

Under the proposed law "specie," defined as "gold or silver valued primarily based on its metal content and in the form of coin or bullion," would be recognized as legal tender. In effect, gold and silver would be considered a valid medium of exchange for the payment of debts in the state.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
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This is what Ron DeSantis's happy ass should be doing, along with signing some Death Warrants
 
searcher

Post in thread 'Algorithmic debanking'

Definitely related.

DeBanking: DeSantis says gold & silver are "legal tender"​

May 27, 2025

Florida Governor Ron DeSantis said that "gold is legal tender" along with silver on Tuesday as he discussed "de banking" and decentralizing finance in context to cryptocurrency, Bitcoin and other digital currencies


16:45
  • Popcorn
 
It's.going to be a mad rush when Basel III is adopted in the US in July. In addition, big Chinese insuramce companies will be accumulating for their reserves instead.of buying USTs.

We are due for another breakout in gold and then bounce around to $4k USD over the next 12.months or sooner. That should drag silver and platinum along kicking and screaming.

I will probanly not reach my lifetime goal in gold, but did top off silver and platinum. I am tapping out on gold once it makes a new high. As stated in the recent past, in a few years only rich individuals and institutions will hold physical gold. It's getting expensive, so buy while you can.
 
nickndfl said:
It's.going to be a mad rush when Basel III is adopted in the US in July. In addition, big Chinese insuramce companies will be accumulating for their reserves instead.of buying USTs.

We are due for another breakout in gold and then bounce around to $4k USD over the next 12.months or sooner. That should drag silver and platinum along kicking and screaming.

I will probanly not reach my lifetime goal in gold, but did top off silver and platinum. I am tapping out on gold once it makes a new high. As stated in the recent past, in a few years only rich individuals and institutions will hold physical gold. It's getting expensive, so buy while you can.
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i wonder if gold will be like the stock market...buy on anticipation and sell on the news (meaning there will be a sell off on July 1st? ....but i tend to agree with you since i dont think central banks are traders and i havnt seen any deflation out there yet ......also like you im happy with my gold holdings (if thats possible lol) and any more purchases will just be opportunistic in nature....i could use a bit more silver for me to get to a psychological milestone but thats also opportunistic in nature...so i am basicly down to buying only if i have extra cash and a great deal in front of me ....of curse im good on PT n PL too

its really a good place to be this last year during these run ups
 
Twitter/X seems to be struggling again today. HB1056 passed the Texas House and now awaits Gov. Abbott's signature. Texas is going to develop gold and silver payment rails using the Texas Bullion Depository
 
Ttazzman said:
i wonder if gold will be like the stock market...buy on anticipation and sell on the news (meaning there will be a sell off on July 1st? ....but i tend to agree with you since i dont think central banks are traders and i havnt seen any deflation out there yet ......also like you im happy with my gold holdings (if thats possible lol) and any more purchases will just be opportunistic in nature....i could use a bit more silver for me to get to a psychological milestone but thats also opportunistic in nature...so i am basicly down to buying only if i have extra cash and a great deal in front of me ....of curse im good on PT n PL too

its really a good place to be this last year during these run ups
Click to expand...
I can see where gold has gone up and gone down, but right now it is being accumulated and the velocity is increasing. Bottom line is treasuries will not have the same clout they once had due to politicians using the $USD as a weapon instead of managing the global financial system.

What other currency are others going to use? Which one is the right one? Which would you pick? No need to answer because it doesn't matter. They are replacing treasuries with gold.

Do you think the US can buck the rest of the world or is the smart money going back to sound money?

Like I said in other threads this will probably be my last year of buying physical gold because it's getting too expensive or is the dollar tanking? I would think about fractional at or near spot, but even paying $400 at spot for a 1/10th oz gold bullion coin that I was buying @ $185 only a couple of years ago is an important lesson in economics.
 
So these states are declaring gold and silver as "legal tender" and as "currency".
What exactly does that mean in regards to capital gains taxes?
 
Most States enacting these bills have eliminated State level taxes (sales, capital gains, etc). Federal gov is still retarded though.
 
A comment from Daniel Diaz of Citizens 4 Sound Money was brought to my attention this morning:



there is a deficiency and when we were meeting and
7:42
we were getting the final version of this bill finalized in the Senate SB132 which eventually replaced HB99 hb99 is
7:51
the Senate version it was replaced in emot appropriations um when that came
7:56
out uh everything we wanted 95% of that bill is exactly what we wanted we worked
8:02
with the state to get uh drafted but there was something that came out of left field that the drafters put in
8:08
there and uh it was actually it's worse than uh it is now they fixed a little bit but they added verbiage in there
8:15
that basically would not allow for to be qualified as legal tender in the state of Florida before they fixed it with
8:21
this that just signed yesterday as law it would nullify the entire purpose of the bill they basically said that any
8:27
gold and silver coin couldn't have any images all it had was the purity and
8:33
weight of of the gold on the bar and myself Larry Hilton from um Goldback and
8:39
the United Precious Metals Association we saw that and we're like well what was the intent why did they put this in there we talked to the the the writers
8:45
and the drafters of that one verbiage um and they their intent which I we understand they wanted to prevent people
8:52
from smelting their own gold and silver and then putting this is legal tender in Florida you can use this as money we get
8:58
that intent because of counterfeiting and so forth so we told them look we understand that but the way you have
9:03
written it would nullify the entire purpose of bill nothing not even the gold and uh and in and the vaults even
9:10
LMBA bars comics bars have the mint mark on their on the bars be on on top of the
9:16
purity and weight and they uh they they were really pushing back on that so um
9:23
we couldn't get it out it was near the end of session we had like two weeks left um and it was a heavy lift we went
9:29
from being a three-page bill making gold and silver legal tender to 39 pages and we worked weeks we spent hours with
9:37
staff we worked with the Office of Financial Regulations and we just you know all the stakeholders like "You know
9:42
what let's just let it get passed because if we push too hard this could fail." So we let it go we didn't say
9:49
anything the minute it was signed in the law I started going out there and posting um uh Alex Newman from Epic
9:54
Dimes has me quoted saying that you know this is a problem because this what this effectively means and the current
10:01
verbiage they they expanded it before it was one sentence got rid of everything now they're saying you can have the mint mark so right now in Florida and it
10:09
meets the purity test of 995 for gold that's legal tender 999 for silver that's legal tender but it can only have
10:15
the mintmark weight and purity and as you guys know the only products in the Bullion industry that meet that
10:21
requirement are generic bars or bars with just like the mint on it which as
10:27
you guys know cuts out 90 to 95% of all physical gold and silver now uh
10:32
unintended consequence there's a bill in Texas HB 1056 I believe is the number
10:38
they're going through a battle it's right near the end of the line it's back to the House they were being told by the
10:44
stakeholders out there economic war room that the Florida bill is model legislation right and um what Texas did
10:52
in the Senate yesterday it passed at 2 a.m was they took that verbiage because they were also concerned about
10:57
counterfeiting and stuck it in the Texas bill so now it's the exact same verbiage so if this passes Texas in the House
11:04
today or tomorrow then only bars in Texas will be considered legal tender
...
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Texas' HB1056 ended up being passed with the Florida language:
...
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 2116, Government Code, is amended by
adding Subchapter D to read as follows:
SUBCHAPTER D. GOLD AND SILVER SPECIE AND CURRENCY
Sec. 2116.101. LEGAL TENDER. (a) To the extent authorized
by Section 10, Article I, United States Constitution, gold and
silver specie that meet the requirements of this section are legal
tender in this state.
(b) To be legal tender in this state, gold and silver
specie:
(1) must be imprinted, stamped, or otherwise marked
with the specie's weight and purity and may be imprinted, stamped,
or otherwise marked with a name or symbol that identifies a refiner
or mint of the specie; and
(2) except for the information described by
Subdivision (1), may not be imprinted, stamped, or otherwise marked
with any name, symbol, or other information or design, including
any suggestion that the specie has been minted or issued by a
government.
...
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It would limit legal tender status to pretty much plain bars. I expect that this will get amended in time as the infrastructure develops and people start using it. I also expect to see more Mints offering pure bullion products that meet the definition. We might see a big change in the retail market as pure bullion products become more popular than the current artistic fare. Hand poured bars might become the preferred format for bullion!
 
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These bills are largely just symbolic in nature and don't "do" anything.

As I mentioned above, if something truly is "currency" and "legal tender" then there would not/could not have a capital gains tax applied to it.
 
Citizens for Sound Money said:
Yeah, Citizens for Sound Money planted sales tax repealer bills to eliminate sales tax on all gold, silver, and platinum bullion. This was our strategy in case HB999 or SB132, The Legal Tender Acts, didn't pass or something funky happened with the bill, which something funky did happen as you pointed out.

Our strategy worked out perfectly.

So under HB999 only 5-10% of bullion qualifies for 100% sales tax exemption.

With SB134 and HB6019 being taken out of the normal process by leadership and added into the Budget, which is suppose to pass this month, we've guaranteed that all gold, silver, and platinum products are tax exempt.

The budget bill numbers are HB 7033 & SB 7034:
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Michael B is a fan of PMs. In this one he talks about Florida and some other stuff. It's pretty good imo.

Florida QUIETLY JUST CHANGED THE FUTURE OF MONEY​

May 31, 2025
Florida governor Ron DeSantis earlier in the week signed HB 999 that will recognize gold and silver as legal tender in the state of Florida. Florida is not the largest state in the nation to recognize gold and silver is real money again, which could spark a massive trend across the United States of Americans returning to their roots and using precious metals as real money and turning their back on the inflation deduced dollar.


15:03


Articles Mentioned in the Video

- https://www.mensjournal.com/food-drin...
- https://apple.news/AhejQh9MQSou47nTLG...
- https://www.mensjournal.com/news/cvs-...
 
pmbug said:
A comment from Daniel Diaz of Citizens 4 Sound Money was brought to my attention this morning:





Texas' HB1056 ended up being passed with the Florida language:

It would limit legal tender status to pretty much plain bars. I expect that this will get amended in time as the infrastructure develops and people start using it. I also expect to see more Mints offering pure bullion products that meet the definition. We might see a big change in the retail market as pure bullion products become more popular than the current artistic fare. Hand poured bars might become the preferred format for bullion!
Click to expand...

Not to mention Philadelphia had no mint mark for 200+ years.
 
I haven't watched the whole video yet, but Daniel looks absolutely gangster with the gold hat and tie.
 
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