A US government operation led by the Secret Service from 1865 covertly dismantled the gold and silver currency system.
This strategic move, propelled by two acts of Congress, was a cunning ploy that centralized economic power.
A commentator from the Mises Institute explores the little-known involvement of the Secret Service in this historical development, and how it impacted the very concept of US currency.
On August 1, a law making gold and silver legal tender in Arkansas went into effect. The new law also effectively repeals the state capital gains tax on gold and silver.
Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
Most attention in the precious metals markets has focused on inflation and the Federal Reserve’s response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this – the fundamentals for silver. In this episode, Mike highlights silver’s supply and demand dynamics. He also covers some good news for gold and silver coming out of Arkansas.
Arkansas Gov. Sarah Huckabee Sanders has signed a bill into law making gold and silver legal tender in the state. The new law also effectively repeals the state capital gains tax on gold and silver. Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
