Select Page

With bipartisan support, particularly in the state Senate, governor of Oklahoma, Republican Mary Fallin, signed into law legislation that recognizes gold and silver money. 

Oklahoma doesn’t force anyone to accept gold or silver in payment. It simply exempts them from state sales tax. While sales tax on the metals was probably a minimal source of revenue for the government, it was certainly a major competitive disadvantage to bullion dealers. Price sensitive buyers simply shopped out of state.

Arizona is on its way in trying to pass a similar law. Utah currently has akin law, “which also exempts the monetary metals from capital gains taxes.” 

Read on here

Skip to toolbar