British Gold Sovereign coins, the famous “Golden Pounds”
Bill signed by the US state governor makes gold and silver legal forms of payment. The measure is “a way to guarantee the financial freedom” of Florida, at a time of economic uncertainty, when the price of gold recently reached historical maximums.
The governor Ron desantis this week signed a bill that recognizes gold and silver as legal currency in the statepaving the way for the inhabitants of Florida to use these precious metals in payment transactions.
The bill, HB 999begins the process that allows government or private entities, such as companies, voluntarily gold and silver as a form of payment.
The project also establishes Sales tax exemptions in the purchase of precious metals If they meet the purity requirementsor if the sale of gold or silver exceed 460 €.
If the Florida Legislative Assembly ratified it, the bill will come into force on 1 July 2026, says the.
In a statement in the X in which the signing of the bill, Desantis states that the measure aims guarantee the state’s financial sovereignty.
“Florida firmly defends freedomeconomic self -determination and resistance to government intrusion, ”said the governor.” But for too long, obsolete and tax regulations on unnecessary sales have become impractical for the inhabitants of Florida enter the gold and silver market. ”
The recognition of gold and silver by the flowery follows the steps of states as the Utah, who implemented a law in 2011 to recognize gold and silver as a legal currency and exempt state taxes.
The bill establishes that the Gold coins should have 99.5% purity and silver coins must have 99.9% to be recognized as legal currency, and must be stamped with your weight and purity.
As governmental entities can also accept gold or silver, but only in the form of electronic transferindicates the bill.
Although the price of silver has floated over the years, the in recent years, reaching a recent historical maximum of 103.69 € per gram In April, as investors continue to resort to precious metal amid economic uncertainty.
The recent rise in gold occurred at a time when Trump’s commercial policies and tariffs They shook the global economy And they generated losses of bilions of euors from the stock market.
“Whenever there is a lot of uncertainty, traders take refuge Temporarily investing your money in gold, ”says Lina Thomas, strategic of Goldman Sachs raw materials, quoted by Insider.
“When there is stability, gold prices tend to fallAgain because traders know what to do with their money, ”explains the analyst.
