Money Metals News Service

Tennessee House Votes 98-0 to Allow State Treasurer to Acquire and Hold Gold to Protect the State

As inflation continues to terrorize the budgets of Americans and states alike, two Tennessee bills empowering the State Treasurer to invest state funds in physical gold and silver are moving quickly through the legislature.… Keep Reading

Investors May Be Piling into Cash at Exactly the Wrong Time

Investors have recently been piling into cash. According to a report by BofA Global Research, cash funds last week saw their largest inflows since the pandemic panic of early 2020. Back then, cash instruments offered little to no yield and, they did serv… Keep Reading

Maine Lawmakers Seek End to Sales Taxes on Gold and Silver

More than a dozen lawmakers in Maine have introduced legislation to end Maine’s controversial practice of levying sales tax on purchases of gold and silver.… Keep Reading

Idaho House Votes to Authorize State Gold & Silver Holdings

The Idaho House took a step forward on sound money, passing a bill to authorize the state to hold gold and silver… Keep Reading

Catch-22: Rate Hikes May Fuel Even MORE Inflationary Deficit Spending

Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Of course, higher borrowing costs will force consumers to scale back and businesses to trim payrolls. A contraction in debt-financed economic activity will in th… Keep Reading

34 Wyoming House Members Thumb Their Noses at Sound Money (and We Know Their Names)

A statement from Money Metals president Stefan Gleason on the defeat of Sound Money legislation by the Wyoming House today. Those who defeated the Jennings amendment did so because they outright oppose sound money -- and do not mind (or realize) that Wyo… Keep Reading

Gold Is Highly Compressed Energy

When I was a kid, my parents would have friends over to play bridge. I could see how much fun they had. Their spirited card games lasted for hours. One day I asked to learn the game. After 5 minutes, I walked away from the bridge lesson. It was too compl… Keep Reading

Better Early Than Late

Gold bugs started 2023 with high hopes after the precious metals sector showed impressive relative strength versus paper assets in 2022. So far, no good. Gold and silver futures prices got clobbered again last week. The U.S. dollar is back on the rise a… Keep Reading

Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money

On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state.… Keep Reading

Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver

State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature.… Keep Reading