Stefan Gleason Blog | Tennessee To Consider Establishing A State Gold Depository | Talkmarkets - Page 2
President at Money Metals Exchange
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Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 450,000 readers, 35,000 paid customers, and $120 million in annual sales. He launched the company while president of a national newsletter publishing ... more

Tennessee To Consider Establishing A State Gold Depository

Date: Wednesday, June 2, 2021 7:48 PM EDT

Although its depository study bill is a positive step, Tennessee is one of only 10 states that still harshly penalizes citizens through sales taxation when they seek to protect their savings from the ravages of inflation by acquiring gold and silver. For several years, Rep. Hulsey has been a champion for sound money in Tennessee by sponsoring legislation to eliminate these unjust sales tax on gold, silver, platinum, and palladium.

If Tennessee were to pass a law eliminating the sales tax on the purchase of gold and silver and establish and ultimately an in-state gold depository, the state would move from 46th to the top-12 best states in the country, as measured by the Sound Money Index. The Sound Money Index is the first of its kind, ranking all 50 states using twelve indicators to determine which states offer the most pro-sound money environment.

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