Legislative Shifts in Precious Metals Taxation

This chapter explores a bill in Maine aiming to eliminate taxes on gold, silver, and bullion purchases, arguing for their treatment similar to other resale goods. It reflects on the broader movement among states like Tennessee to establish gold depositories for asset protection and discusses the Sound Money Index evaluating states' commitment to sound money principles. Additionally, historical context is provided, tracing monetary policy challenges back to Lincoln's era and critiquing the Federal Reserve's influence on currency stability.