Tom welcomes Stefan Gleason, president of Money Metals Exchange, to the show. The idea of sound money is something that holds it’s value over time in contrast to fiat currencies. The market has chosen gold and silver over thousands of years as the money that sustains and preserves purchasing power.
They focus on improving public policy at the state level via the Sound Money Defense League. There are more options for improving laws at a state level than at the Federal level, and they have had several successes. To that end, they have created a Sound Money Index that measures differences between states regarding policies like sales taxes. He outlines why sales taxes on investments like bullion is a silly idea.