Precious Metals Dealer, Sound Money Group Rank the 50 States’ Gold and Silver Policies
(Sound Money Defense League) “Is your state destroying your money?”
So asked the Sound Money Defense League and Money Metals Exchange with the release of the 2019 Sound Money Index.
The Sound Money Index is the first index of its kind, ranking all 50 states using 12 different criteria to determine which states maintain the most pro- and anti-sound-money policies in the country.
The Sound Money Index evaluates each state’s sales- and income-tax policies involving precious metals—including criteria such as whether a state recognizes the monetary role of gold and silver under the U.S. Constitution; whether a state holds pension, reserves, or debt denominated in gold or silver; and whether a state has imposed precious metal dealer/investor harassment laws.
Wyoming, Texas, and Utah emerged as the best states on sound money in the nation. South Dakota, Alaska, New Hampshire, and Washington are not far behind.
Maine, Tennessee, Ohio, and Kentucky joined Vermont, Arkansas, and New Jersey as the worst states on this issue.
Money Metals Exchange, a national precious-metals dealer, joined the Sound Money Defense League, a nonpartisan sound-money advocacy group, to produce the authoritative ranking together.
“Federal policy and the privately owned banking cartel known as the Federal Reserve System are the root causes of inflation, instability, and currency devaluation,” noted Jp Cortez, policy director at the Sound Money Defense League.
“However, there are steps states can take to protect their citizens from the ill effects of America’s unbacked paper money system, and many of them are taking those steps,” Cortez noted.
The complete 2019 Sound Money Index is available here: https://www.moneymetals.com/guides/sound-money-index
Jp Cortez is the policy director for the Sound Money Defense League. Reach him at 404-948-8935 or [email protected].
About the Sound Money Defense League and Money Metals Exchange:
The Sound Money Defense League is a non-partisan national public policy group working on the state and federal level to bring back gold and silver as America’s constitutional money.
Money Metals Exchange is a national precious metals company recently named “Best in the USA” by an independent global ratings group and serves nearly 100,000 investors in physical gold, silver, platinum, and palladium. For more information, please visit https://www.moneymetals.com/.