Jp Cortez

As the United States braces for the aftermath of a decisive Trump victory, the principles of sound money seem destined to take a backseat to what is politically expedient – because national political campaigns, often promise more spending, that erodes the purchasing power of the U.S. Federal Reserve Note, AKA the U.S. dollar.

Alabama Governor Key Ivey today signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles and joins a growing number of states prioritizing the protection of citizens against inflation and mounting federal debt.

Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.

A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver. Assembly Bill 29 and Senate Bill 33, primarily sponsored by Rep. Shae Sortwell and Sen. Duey Strobel (R – Saukville), respectively, would align Wisconsin with the policies of 43 other U.S. states.

Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.

n a historic move, the New Jersey Assembly has unanimously voted to eliminate the sales tax on physical gold and silver. Assembly Bill A5294 exempts precious metals purchases over $1,000 from state sales taxes, aligning New Jersey with the majority of states that have already ended this regressive tax.

As state legislatures clear out and head home for the summer, one reality has emerged: Sound money is a winning issue in the states. At a time of record-high inflation and geopolitical uncertainty across the globe, states are wisely taking steps to better enable citizens to acquire, sell, and/or use gold and silver.

After the CPI surged last year to its highest level since 1982, politicians are feeling pressure from constituents to do something about it. Biden announced $1 billion in grants, loans, and other assistance for small meat producers. Another costly government program will, supposedly, help tame rapidly rising beef and poultry costs…

America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfolios?

There has been considerable discussion in recent weeks about the prospect and threat of rising inflation. This inflationary scare comes at a time when the government is unleashing massive stimulus measures to bailout states, businesses, and consumers – all in the name of combatting the pandemic.

The recent explosion of money printing and debt-funded spending by the U.S. in response to the Covid-19 pandemic has sparked a renewed interest in the key role gold and silver play in hedging against systemic risks.

Released today, the Sound Money Index is the first index of its kind and uses 12 different criteria to determine which states maintain the most pro- and anti-sound money policies in the nation.

With businesses and Americans defaulting on their rent and other obligations only days into the collapse, the problem is clear: Few have any savings…

Money Metals Exchange Offers Sound Money Scholarships to Deserving Students Bullion.Directory precious metals news 05 June, 2019 By Jp Cortez Assistant Director of Sound Money Defense League Charlotte, North Carolina […]

West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state. […]

Arizona Legislator Proposes Securing State Reserves with Gold and Silver. Bullion.Directory precious metals news 22 January, 2019 By Jp Cortez Assistant Director of Sound Money Defense League An Arizona legislator […]

Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. Bullion.Directory precious metals analysis 24 August, 2018 By Jp Cortez Assistant Director of […]

New Jersey, Kentucky and Vermont Declared Biggest Enemies of Sound Money Bullion.Directory precious metals analysis 09 July, 2018 By Jp Cortez Assistant Director of Sound Money Defense League Utah, Wyoming, […]

Congressmen Press U.S. Mint for Action on Counterfeit Gold & Silver Coins Bullion.Directory precious metals analysis 27 October, 2017 By Jp Cortez Assistant Director of Sound Money Defense League Congressmen […]

Louisiana Governor John Bel Edwards Signs House Bill 396 to Remove Sales Tax from Certain Precious Metals Bullion.Directory precious metals analysis 26 June, 2017 By Jp Cortez Assistant Director of […]

Sound money advocates rejoiced today as Arizona governor Doug Ducey signed House Bill 2014 into law last night. Bullion.Directory precious metals analysis 23 May, 2017 By Jp Cortez Assistant Director […]

Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. Bullion.Directory precious metals […]

Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. Bullion.Directory precious metals analysis 05 April, 2017 By Jp Cortez Assistant Director of Sound Money Defense League This […]

“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” Bullion.Directory precious metals analysis 16 March, 2017 […]