Friday, December 13, 2024

Tag: Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

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    by Peter Schiff, Schiff Gold:

    A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.

    Sen. William Eigel (R) filed SB100 last month. The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.