USA Legislation
The Sound Money Movement is a political and economic movement which opposes central bank manipulation of currencies and believes that a gold or silver-based currency has greater stability. The movement supports precious metal legislation in the United States.
Three-Step Legislative Strategy
- Establish gold and silver as legal tender
- Create a State precious metals depository
- Add a digital currency backed by depository
States where gold and silver are legal tender
States with pending legislation in 2023
3) Previous Depository Legislation
Texas Bullion Depository Bill - Signed into law in 2015 to create a State bullion depository.
2023: Tennessee Depository SB150 - Establish a precious metals depository.
2023: Mississippi SB2966 - Establish the Mississippi bullion depository
2023: Missouri HB718 - Create the “Missouri Bullion Depository.”
2023: North Carolina H721 - State Precious Metals Depository Study
2023: Idaho H0180 - Invest in precious metals held in a secure depository
2023: Oklahoma SB 816 - Establish a State Treasury Depository
2023: Montana HB0884 - Authorizes a media of exchange using gold
2024: Florida H697 - State Legal Tender and Bullion Depository
2024: Louisiana SB485 - The Louisiana Gold and Silver Currency Platform
2024: West Virginia SB749 - Establish the West Virginia Bullion Depository
2024: Arizona SB1633 - Establish Bullion Depository and Gold-Backed Currency
2024: Kansas HB2729 - Enacting the Kansas bullion depository act;
2024: Iowa HF2228 - Establish a currency based on gold in a bullion depository
2024: New Hampshire H 1674 - Establishes a state depository
Impedence-Matched Currency
Creating the Euro was like harnessing a horse, a mule, a dog and a turtle to pull a wagon. A "one size fits all" strategy creates stresses because regions (States) have different histories, resources, skill levels, goals. Most economic transactions are within a local sphere and a State currency would be controlled regionally.