Could gold and silver soon be legal tender in Florida?
Jimmy Patronis, Florida’s chief financial officer, launched a study to analyze the use of gold and silver to purchase goods and services in the Sunshine State.
“I’m launching this study to determine the best way to get it done,” Patronis said, according to News4JAX.
“I’ve also included in the framework of the study that gold and silver cannot be taxed as property for the purposes of using them as money. Families and businesses don’t need higher taxes; they need innovative solutions to help them grow,” he added.
Florida exploring the possibility of using gold and silver as currency.
Follow: @AFpost pic.twitter.com/RzflxC9KZv
— AF Post (@AFpost) December 13, 2024
News4JAX reports:
Officials said it could create a currency competition that would reduce the effects of “ongoing financial abuses” like “de-banking.”
Keef Jones, the manager of Jacksonville Gold Exchange likes the idea.
“Gold and silver used to back our currency so doing that again seems like a great idea…give people a sense of calm and confidence,” Jones said.
Abdel Missa, a finance professor at the Jacksonville University Davis College of Business, is hesitant about the idea.
“I’m skeptical about the initiative, I think there are a lot of challenges in it,” Missa said.
He added that the value of gold and silver fluctuates frequently.
“Gold can, in a few weeks, lose 20% or 30%, [in value] it’s something that is volatile, and that will create a huge issue from an owner’s perspective,” Missa said.
“Gold and silver have been trusted assets for thousands of years; it makes perfect sense to use them as legal tender. This proposal would also result in protections against monetary failures and abuses, like the Bidenflation nightmare and attacks on Floridians’ financial freedoms,” Patronis said.
Gold and silver have been trusted assets for thousands of years; it makes perfect sense to use them as legal tender. This proposal would also result in protections against monetary failures and abuses, like the Bidenflation nightmare and attacks on Floridians’ financial freedoms. https://t.co/tuiTH0qXS8
— Jimmy Patronis (@JimmyPatronis) December 11, 2024
“Florida families & businesses need growth, not higher taxes. Gold and silver as legal tender offers a trusted, time-tested solution while protecting against the Biden-Harris inflation nightmare and financial overreach out of DC,” he added.
WATCH:
Florida families & businesses need growth, not higher taxes. Gold and silver as legal tender offers a trusted, time-tested solution while protecting against the Biden-Harris inflation nightmare and financial overreach out of DC. @WKRG #FlaPol pic.twitter.com/BHdrBsiIja
— Jimmy Patronis (@JimmyPatronis) December 12, 2024
Per FOX 13 Tampa Bay:
The study, which will be conducted by the Florida Department of Financial Services, will focus on physical gold and silver in the form of bars and coins.
Supporters of making gold and silver legal forms of currency argue that precious metals serve as a viable alternative to the U.S. dollar and other “fiat currencies,” or money that is not pegged to a physical commodity to determine its value.
“This is an exciting initiative that has the potential for enormous growth in our state. Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender,” Patronis said in a statement released Wednesday.
The proposal includes certain tax exemptions, as well, including making sure gold and silver are not taxed as personal property.
Shawn Clark, a financial advisor with Mosaic Financial Group, says gold-backed currency has benefits and drawbacks.
“I think a lot of Americans have been looking for some more independence,” Clark said.
Clark says gold and silver currency could help with inflation.
WATCH:
RELATED REPORT:
“Gold Revaluation” Incoming? Price Could Be $10,000-60,000 Per Ounce!
“Gold Revaluation” Incoming? Price Could Be $10,000-60,000 Per Ounce!
One of the worst things our country ever did was to allow the Central Bankers to take of off the Gold Standard…
But it was the best thing to happen to the corrupt bankers, as they printed money to infinity and got filthy rich!
But….are they getting ready to flip the script on the public once again?
As the system they have completely destroyed through unlimited money printing is set to collapse, I’m seeing reports that they might be ready to go BACK to a Gold Standard.
Crazy right?
I have to show you this short 2 minute video from the Black Swan Capitalist who perfectly nails this.
And then keep reading for a solution YOU can implement right now to keep you and your family safe!
He says not only is the plan in place, but simulations have been run and if and when that happens it would result in a necessary gold price of anywhere from $10,000 to $60,000 per ounce!
For those not great at math, from today’s price of $1,955 that would be anywhere from a 400% to a 2,900%+ gain!
Wow!
But not only that but there was one line that jumped out at me….
He said, quote: “Those who put their money in gold and silver will be just fine and make incredible gains, meanwhile those who trusted the Government and kept their money in US Dollars will be utterly wiped out.”
That rung very true to me.
When has “trusting the Government” ever paid off?
This is EXACTLY the kind of thing they would do, and revel in it!
It’s Ronald Reagan’s famous quote:
So with that in mind, watch this clip and understand what might be JUST around the corner….
Central #banks have been quietly buying #gold in preparation for a gold revaluation, which sets the stage for a new reserve currency
They’ve also partnered with #Ripple so they can #tokenize those reseve assets on the #blockchain where #XRP will play a key role in achieving this pic.twitter.com/4k793CNvD0
— Black Swan Capitalist (@VersanAljarrah) November 7, 2023
Bo Polny has been on my show several times in the last few months and he keeps telling you the same thing.
Have you heard those interviews?
He was just one two days ago with me and he continues to sound the alarm that the dollar looks ready to absolutely PLUNGE….
And the results will be ugly.
More on that here if you haven’t seen it: https://wltreport.com/2023/09/28/when-this-happens-dollar-your-life-will-completely/
So would it surprise you that the Elites and the Central Bankers are telling you to trust the US Dollar and they spent the last 50 years selling you on that narrative, only to be doing the exact OPPOSITE themselves and getting ready to sell you down the river?
Or is that EXACTLY how they operate?
Jordan Peterson exposed this recently and it’s very relevant:
Jordan Peterson: Here’s Why Banks Are Buying Up All of the Gold
JUST LIKE I’VE BEEN TELLING YOU!
I’ve got a fascinating one for you today…
I’ve got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.
And it’s not just some academic debate.
This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half….or worse.
These guys know what they’re talking about and this short 8 minute clip is definitely worth your time to watch.
I always say this: don’t listen to what the “Elites” tell you….watch what they are DOING.
And what are they doing?
Stacking gold and silver.
As much as they can get their hands on.
Look, I hope I’m wrong but I think we’re in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.
So what happens to YOU when that happens?
Watch this and then scroll down for how I can help you stay safe right now….
Watch:
So, what can YOU do to protect yourself?
To protect your family?
To stay safe?
Simple: you need to get some #Gold or #Silver in your own possession.
It’s called “physical” gold and silver.
Not paper traded garbage on the stock exchanges that isn’t backed by anything.
Don’t touch that stuff.
I have two special hook-ups for you.
Both involve PHYSICAL gold and silver.
Because if you do NOTHING else, make sure you own “physical” gold and silver, not paper contracts.
The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they’re not actually backed by the gold and silver they claim to represent.
It’s a massive game of musical chairs out there and when the music stops (and I think it will stop soon…) people who only own paper might find themselves owning something not worth the paper it’s literally written on.
Now…WHERE do you get physical gold and silver and how do you know it’s real and safe?
And that you’re getting the best price?
Oh, and how about personal one-on-one real customer service?
You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?
That’s what I’m about to tell you.
I have two killer connections for you…
The first is for purchasing gold and silver bullion.
That means bulk bars.
That’s the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.
You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ok, that was #1.
Now I want to tell you about option #2.
An equally great company, I am so happy to be working with these guys.
This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
TAX FREE baby!
I’m not a tax advisor, but that’s a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that’s why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
There’s so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it “Faith-Driven Stewardship” and they put it right on the homepage of their website along with a quote from Ezekiel:
Wealth Preservation With Gold & Silver –
The Genesis Gold IRABy your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4
Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.
Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.
Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.
With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.
Sincerely,
Empowering Faith-Driven Stewardship
Oh….and they’re VERY good at what they do.
You also get physical gold and silver with Genesis, believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!
I love what these guys are doing.
Here’s more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell ’em Noah sent ya!
This is a Guest Post from our friends over at 100 Percent Fed Up.
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