Louisiana Ends Sales Tax on Gold & Silver Bullion

Louisiana Governor John Bel Edwards Signs House Bill 396 to Remove Sales Tax from Certain Precious Metals Baton Rouge, Louisiana — Sound money advocates rejoiced as Governor John Bel Edwards signed House Bill 396 into law in recent days. HB 396, which passed in the Louisiana state house and senate earlier this month by overwhelming … Read more »

Idaho Democrat Leader Brain Malfunction: “We Can’t Say Gold Is Going to Protect Us from Inflation When [It has Risen from] $27 an Ounce to $1,218 an Ounce”

The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend to believe that they are experiencing some sort of upper-echelon level of thinking. While the original study … Read more »

Idaho House of Representatives Votes Overwhelmingly to Remove Income Taxation from Precious Metals

Boise, Idaho (March 14, 2017) – By an overwhelming 56-13 margin, the Idaho House of Representatives today voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars. Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure.  If the Republican-controlled Idaho Senate follows suit … Read more »

States Consider Removing Income and Sales Taxes from the Monetary Metals

Listen to the Podcast Audio: Click Here Precious metals markets can certainly be volatile from week to week, but over time they are a more reliable store of value than Federal Reserve Notes. Gold and silver remain the world’s most enduring and most widely recognized form of money. And, as spelled out in the U.S. … Read more »

Sound Money Is Rising at the State Level

By Clint Siegner, Money Metals Exchange  Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less … Read more »

When Government Acts, “Unintended Consequences” Follow

In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly introduced the idea of opportunity cost and, through the parable of the broken window, illustrated the destructive effects of unintended consequences. Unfortunately, because of misplaced belief … Read more »

Pension Funds Need Gold before It’s Too Late

By Jp Cortez Tens of millions of Americans and their employers pour money into pension plans each month, counting those funds to grow and to be there when needed at retirement. But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have … Read more »

A 6 Step Plan for Trump to Make Our Money Great Again

Donald Trump will be sworn in as the 45th president of the United States in January. Americans will then find out then if “Make America Great Again” is more than a campaign slogan. It isn’t going to be easy. On day one, he will inherit a $20 trillion federal deficit and a moribund economy increasingly … Read more »

It’s Time for a Renaissance of the Gold Clause Contract

Assuming you had the money, would you loan $10,000 to be paid back over 30 years plus 3% interest? What if inflation skyrocketed?  That would benefit the borrower and deeply harm you as the lender.  Even if you were repaid, the declining value of those repayments wouldn’t come close to making up for your loss … Read more »

Fiction, Fairy Tales, and Fiat

Fiction, Fairy Tales, and Fiat By Guy Christopher, Originally Published on Money Metals Exchange Do young Americans today know anything about economics? No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either. The survey found 58% of millennials favor government-run socialism (statistically 6 out … Read more »

States Must Help Restore Sound Money in America

By Jp Cortez and Stefan Gleason This article was originally published on Tenth Amendment Center Control the money and you control the people. The federal government has done just that in the United States. Over the last hundred years, the federal government and the Federal Reserve, a privately owned bank cartel conceived of in secret, have … Read more »

Corrupt Politicians and Corrupted Money Go Hand in Hand

By Clint Siegner, Money Metals Exchange “Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to … Read more »