Kansas Legal Tender Act would allow gold and silver coins as legal tender and eliminate capital-gains taxes on gold and silver, treating the precious metals as money. It will also help Kansas avoid the federal government’s planned Central Bank Digital Currencies (CBDC), which severely threaten freedom.
Arizona’s State House passed a bill to eliminate state capital gains taxes on gold and silver coins because it is an exchange of one kind of legal tender for another kind of legal tender. Precious metals appear to gain in value when Federal Reserve notes depreciate in value, making the taxable gain fictional. If the bill becomes a state law, it will encourage the use of precious metals as currency and will open the door to undermining the Federal Reserve’s monopoly on money.