Silver Bullion TV (SBTV)

170 JP Cortez - Say No to Sales or Capital Gains Taxes on Gold and Silver

12 snips
Jun 30, 2021
JP Cortez, the Policy Director of the Sound Money Defense League, passionately advocates for reinstating gold and silver as sound money. He discusses the negative impacts of government monetary policies and the urgent need to eliminate sales taxes on precious metals. Cortez highlights ongoing legislative efforts in states like Maine to treat gold and silver purchases equitably. He emphasizes the importance of public engagement and education in championing sound money principles, urging listeners to become active participants in this financial revolution.
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INSIGHT

Inflation Harms the Poor

  • Printing unbacked fiat money causes inevitable inflation that harms poor and fixed-income individuals.
  • Sound money like gold and silver offers a stable value that protects savings and purchasing power.
INSIGHT

States Act Against Monetary Harm

  • Forty states have removed or reduced sales taxes on precious metals to protect citizens' wealth.
  • States act to mitigate federal monetary dysfunction by encouraging gold and silver ownership.
ANECDOTE

Gold Audit Was Made-for-Movie

  • The last audit of U.S. gold reserves was a superficial event showing only a few bars.
  • This lack of transparency fuels public doubt about the actual gold holding status.
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