Category Archive: 6a.) Gold Standard

Main Author Keith Weiner
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals.
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Kentucky Governor Vetoes Gold Bill, Legislature Expected to Override

2025-03-26

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2025-03-26

(Frankfort, Kentucky – March 25th, 2025) – Slapping smalltime savers in the face for the second time in 12 months, Kentucky Gov. Andy Beshear has again vetoed a bill that would end sales taxes on purchases of precious metals.

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Idaho Reaffirms Gold and Silver As Legal Tender

2025-03-21

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2025-03-21

(Boise, Idaho) – For the second time this month, new sound money legislation has become law in Idaho. Faced with the overwhelming likelihood of a veto override from the legislature, Idaho Governor Brad Little signed the Idaho Constitutional Money Act of 2025 reaffirming gold and silver as legal tender and making a symbolic statement in favor of sound money principles.

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Government Money Incentivizes Debt

2025-02-27

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2025-02-27

In a monetary economy, the money layer “exists on top of” real economic decisions, actions, and processes.

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Jan Nieuwenhuijs: The Shocking History of the Fort Knox Gold Audits

2025-02-27

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2025-02-27

Now that President Trump and Elon Musk have said that they want to audit the Fort Knox gold, the next question is this -- will this be a proper audit or another PR stunt?

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Inflation’s Hidden Toll: How Money Printing Strains Families

2025-02-25

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2025-02-25

Inflation. This word strikes fear among most readers. Thoughts of grocery bills and gas prices might be what the average American attaches to this word.

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Open Letter to President Donald J. Trump: Don’t Be Fooled by the Fort Knox “Auditors”

2025-02-21

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2025-02-21

Dear Mr. President, Recently you have expressed an intention to do an audit of the gold at Fort Knox and presumably also the other vaults where the U.S. monetary gold is stored.

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The Fed’s Gold Standard Confusion

2024-11-22

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2024-11-22

Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during the Great Depression. “Countries around the world basically ran out of supply and were forced off the gold standard,” she writes.

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REPORT: 2025’s BEST and WORST U.S. States for Sound Money

2024-11-20

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2024-11-20

(Charlotte, NC – November 20th, 2024) – The newly released 2025 Sound Money Index has identified Wyoming, South Dakota, and Alaska as the states with the most favorable policies toward constitutional sound money, while Vermont, Maine, and California take the most hostile stances.

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Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money

2023-02-23

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2023-02-23

(Montpelier, Vermont) – On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state. Introduced yesterday by Rep.

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Gold Market Isn’t Buying Powell’s ‘Disinflation’ Declaration

2023-02-06

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2023-02-06

According to Federal Reserve chairman Jerome Powell, disinflation is now taking hold. Yes, the very same person who had to walk back his ridiculous pronouncements in 2021 and 2022 that inflation was "transitory" now wants us to believe that inflation is in the process of steadily declining.

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Wyoming Senate Votes to Hold, Invest, and Receive Tax Payments in Gold and Silver

2023-02-05

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2023-02-05

Cheyenne, Wyoming, USA (February 2nd, 2023) – The Wyoming State Senate today voted 16-15, on a bipartisan basis, to pass a bill prompting the Wyoming state treasurer to hold gold and silver “specie” to protect the state – as well as establish a process to receive certain tax payments in specie.

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Legislators Seek Repeal of Wisconsin’s Controversial Sales Tax on Gold and Silver

2023-02-04

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2023-02-04

Madison, Wisconsin - (February 4th, 2023) – A large bipartisan contingent of Wisconsin legislators seek to end Wisconsin’s controversial practice of levying sales tax on purchases of gold and silver. Senate Bill 33, primarily sponsored by Sen. Duey Strobel (R - Saukville) and Sen. Rachael Cabral-Guevara (R - Appleton), and cosponsored by Rep. Shae Sortwell, enjoys wide support – and would align Wisconsin with the policies of 42 other U.S. states....

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Central Banks Turn to Gold as Losses Mount

2023-01-25

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2023-01-25

In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673 metric tons in one month, and in the third quarter, the figure reached 400 metric tons. This is interesting because the flow from central banks since 2020 had been eminently net sales.

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Minnesota Lawmakers Seek Full Sales Tax Exemption of Gold and Silver

2023-01-17

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2023-01-17

(St. Paul, Minnesota, USA – January 16th, 2023) – Legislators in the Twin Cities seek to fully exempt gold and silver from Minnesota’s state sales tax. House Rep. B. Olson and Sen. Draheim have introduced HF 106 and SF 373, respectively. These two measures would include coins to Minnesota’s current sales tax exemption, which only exempts bars and rounds.

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West Virginia Delegate Introduces “Legal Tender Act,” Would End Taxes on Gold and Silver

2023-01-12

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2023-01-12

(Charleston, West Virginia, USA – January 11th, 2023) – Another pro-sound money legislative effort has been introduced in West Virginia. Del. Chris Pritt has introduced House Bill 2333, the “Legal Tender Act.” This measure would establish gold and silver as legal tender in West Virginia, as well as create a nonrefundable tax credit for the use gold and silver in West Virginia on state taxes.

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Missouri Bill Would End Capital Gains, Invest State Funds in Gold and Silver, Establish State Gold Depository

2022-12-18

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2022-12-18

(Jefferson City, Missouri, USA -- December 14, 2022) - A state senator from St. Charles County has introduced a bill in Missouri to eliminate income taxes on sales of gold and silver, invest state funds in gold and silver, and establish the Missouri Bullion Depository.

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Inflation Firestorm Fuels Sound Money Movement

2022-12-13

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2022-12-13

Sound money, in the form of physical gold and silver, look to be ending the year on a bullish footing. Meanwhile, things are looking positive on the sound money public policy front as well, thanks to some big wins at the state level in 2022 combined with renewed enthusiasm among our legislative allies as we head into the 2023 legislative season.

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2022 Sound Money Scholarship Winners Announced

2022-12-07

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2022-12-07

6 Outstanding Students Earn Almost $10,000 in Tuition Assistance Eagle, Idaho (December 6, 2022) – Six outstanding students beat out almost 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition... ...and the winners walked away with a total of $9,500 in scholarship awards for their exceptional, thought-provoking essays.

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Rep. Alex Mooney Advocates for Gold Standard Bill on Fox Business

2022-10-21

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2022-10-21

Rep. Alex Mooney (R-WV) joined Fox Business in support of H.R. 9157, the Gold Standard Restoration Act.  “The Federal Reserve note has lost more than 30 percent of its purchasing power since 2000, and 97 percent of its purchasing power since 1913,” the Congressman from West Virginia told host Kennedy.

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How Sound Money Won the Battle of Yorktown—and Saved the American Revolution

2022-10-19

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2022-10-19

Early this month, Congressman Alex Mooney of West Virginia introduced the Gold Standard Restoration Act (H.R. 9157). If enacted into law, it would require public disclosure of the federal government’s gold holdings and eventually define the dollar as a weight of gold.

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