INDIANAPOLIS, Ind. (Jan. 5, 2024) - A bill filed in the Indiana House would take important steps toward treating gold and silver as money and set the stage for the people there to undermine the Federal Reserve’s monopoly on money. Rep. Cindy Ledbetter and three cosponsors introduced House Bill 1043 (HB1043) for introduction on Jan.
The passage of HB1246 would give employers the option of paying workers in gold or silver sound money if they so desired. This would open the door for currency competition with Federal Reserve notes.
Bills introduced in the Oklahoma and Missouri legislatures aim to eliminate state capital gains taxes on gold and silver, treating them as money rather than commodities.
The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender and eliminating the state capital gains tax on the sale gold and silver.