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POSTED ON March 21, 2018  - POSTED IN Key Gold Headlines

Gold and silver are money. But most governments treat precious metals like a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy. You don’t tax money!

Fortunately, we’re beginning to see a shift. Many states are repealing taxes on gold and silver, and treating precious metals more like money. Wyoming is the latest state to reform its laws.

These policies not only ease the burden on investors, it opens the door to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

POSTED ON March 13, 2018  - POSTED IN Key Gold Headlines

Three more states are moving toward repealing taxes on the sale of gold and silver bullion.

Last week, Alabama Gov. Kay Ivey signed a bill into law exempting the sale of gold and silver bullion from state sales and use tax. The repeal of the tax not only lowers the cost of investing in gold and silver, it will also open the door to using precious metals in everyday transactions,  and it takes the first step toward breaking the Federal Reserve’s monopoly on money.

POSTED ON January 23, 2018  - POSTED IN Key Gold Headlines

Many state legislatures kick off their 2018 sessions this month and that means continuing efforts to facilitate gold and silver ownership at the state level.

Bills introduced in Tennessee and Alabama would repeal state sales taxes on the sale of gold and silver bullion, and an Arizona bill would build on a foundation set last year and take another step toward treating gold and silver as money. These efforts not only help expand the market for gold and silver in the US, they also have the potential to undermine the Federal Reserve’s monopoly on money.

POSTED ON October 26, 2017  - POSTED IN Key Gold Headlines

A bill prefiled in the Alabama House for the 2018 session would exempt the purchase of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money.

Rep. Ronald Johnson (R-Sylacauga) prefiled House Bill 19 (HB19). The legislation would exempt the gross proceeds from the sale of gold, silver, platinum, and palladium bullion and coins from sales and use tax in the state.

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