On Monday, Gov. Doug Ducey signed a bill into law that eliminates the state’s capital gains taxes on gold and silver specie. Its tax repeal will not only benefit Arizonans who invest in gold and silver, but it will also facilitate their use as currency and undermine the Federal Reserve’s monopoly on money.
Tag: gold
(Reuters) – The Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system.
After being rejected by three state legislatures this year, a measure to recognize U.S. Government-minted gold and silver coins as legal tender may find a second home in Arizona.