Dear Money Metals friend,
Is your state promoting sound money?
The links below detail pending state legislation where Money Metals Exchange is actively working right now to defend the interests of taxpayers and precious metals investors.
We see some promising signs that additional states will remove sales and/or income taxes from the monetary metals in 2022 – and possibly even begin to accumulate gold and silver as state reserve assets.
And not a moment too soon.
Now that irresponsible decisions by politicians and central bankers in Washington DC have sparked an inflation tsunami across the nation, Americans need to accumulate physical gold and silver bullion to protect their assets like never before.
Here is a rundown on pending state efforts so far:
Legislators in Oklahoma aim to protect state funds with physical gold and silver and remove capital gains taxes from gold and silver transactions… Keep Reading
After an abrupt ending to the 2021 legislative session, legislators in Hawaii hope to pick up where they left on and eliminate state taxes on the purchase of gold, silver, and platinum... Keep Reading
After years of several stymied pro-sound money efforts, legislators in Tennessee are feeling confident that 2022 will be the year when citizens can protect their savings without being taxed for purchasing gold and silver… Keep Reading
After already having exempted gold and silver from sales taxes in West Virginia, a pro-sound money legislator aims to take it a step further, eliminating capital gains taxes from the sale of precious metals and declaring gold and silver legal tender in the… Keep Reading
Washington State Rep. Chase has introduced a bill to eliminate ANY and ALL tax liabilities that may arise when transacting in precious metals… Keep Reading
Legislators from New Jersey are trying to restore sound money in the Garden State. Originally introduced in 2021 but carrying over to 2022, these House and Senate bills would end the practice of taxing the purchase of monetary metals… Keep Reading
A representative in the Bluegrass State wants to make Kentucky the 43rd state in the union to restore sound money.… Keep Reading
Members from both chambers of the Virginia legislature have introduced measures to keep gold and silver tax-free by extending the exemption that currently exists in the Commonwealth… Keep Reading
Several members of the Mississippi House of Representatives have introduced measures to eliminate the sales tax on the sale of precious metals in the state… Keep Reading
The House of Representatives in the Yellowhammer State expects to hear a measure to extend the sales tax exemption on gold and silver that currently exists… Keep Reading
If you live in any of these states, please urge your representatives to vote for these bills. I can say with absolute confidence that grassroots contact does make an impact.
I’m proud of the efforts Money Metals and the Sound Money Defense League are leading to defend and promote the ownership of constitutional money in America.
If you want to see how your state stacks up currently, check out the 2021 Sound Money Index here.
And please keep your eyes out for Money Metals’ legislative alerts as these battles unfold!
Stefan Gleason, President
Money Metals Exchange
About the Author:
Stefan Gleason is CEO of Money Metals Exchange, the company recently named "Best Overall Online Precious Metals Dealer" by Investopedia. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC and in hundreds of publications such as the Wall Street Journal, TheStreet, and Seeking Alpha.