Gold and Silver Legal Tender States 2024 - World Population Review
The state laws declaring the shift of gold and silver currency would eliminate capital gains taxes on sales of gold and silver in states that accept the two metals as legal tender. Several states have by now passed bills eliminating these taxes.
States Where Gold and Silver Have Become Legal Tender
Below is a list of US states that accept Gold and Silver as legal tender: WEST VIRGINIA. By a unanimous vote on March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire (R-Martinsburg), which called for the exemption of taxation on sales of investment metal bullion and investment coins.
What States Accept Gold As Legal Tender? - OWNx
2024年11月14日 · The growing interest in gold and silver as legal tender across U.S. states represents a push for sound money, offering an alternative to fiat currency backed by the Federal Reserve. By reclassifying these metals as currency, states empower citizens with more control over their finances and provide a hedge against inflation.
Gold and Silver Legal Tender States: Mapping the Expansion
Gold and silver are recognized as legal tender in some states, offering a more stable value and potential protection against inflation compared to fiat currency. States like South Carolina, Wyoming, and Oklahoma have enacted laws to treat gold and silver coins as legal tender, exempt from taxation, and other states are considering similar ...
States Restoring Gold and Silver as Money - Sound Money Defense
From Alabama to Wyoming, states across the U.S. continue to pass legislation to eliminate taxes on gold and silver, establish in-state depositories, protect state taxpayer funds with sound money, and more.
Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in …
23 states are currently developing regulations that will also allow their citizens to use gold and silver as legal tender, according to the Tenth Amendment Center, a federalism advocacy organization.
Exploring the Legal Tender Status of Gold: Which States Accept Gold …
2024年7月8日 · If you owe someone money, they are legally required to accept legal tender. Which States Accept Gold as Legal Tender? Let’s start with a look at the states that are already accepting gold as legal tender. They include all of the following: Arizona; Indiana; Kansas; Louisiana; Oklahoma; South Carolina; Tennessee; Texas; Utah; West Virginia ...
A Golden Dollar? These US States are Leading the Way
43 states in the United States have already passed legislation that makes it easier to use gold and silver coins as money, following the example set by the Utah Legal Tender Act of 2011. This is directly derived from Section 10 of Article I of the Constitution, which states: In order to pay its debts, no state shall accept anything but gold and ...
How Can I Use Gold as Currency? - APMEX
2023年10月16日 · There are 23 states in the United States that currently have laws or are in the process of passing laws that recognize silver and gold as legal tender. However, that does not mean that every business in these 23 states accepts …
State Legal Tender Laws — United Precious Metals Association
2022年12月31日 · The United States Constitution provides that "No State shall ... make anything but gold and silver coin a tender in payment in debts." At present four states have laws expressly recognizing gold and silver coin as legal tender...
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