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Speaking to the Investing News Network, Jp Cortez, executive director at Sound Money Defense League, discussed the state of sound money in the US, honing in on key state-level victories this year.
He highlighted that seven states in the country passed various types of sound money legislation. Some removed taxes on precious metals, while others reaffirmed gold and silver as legal tender.
Utah went further, allowing for a US$180 million investment in gold to be stored on the state’s balance sheet.
“We talk a lot about BRICS right now and de-dollarization, and there’s so much talk about countries with an adversarial relationship to the US who are looking for alternatives,” said Cortez.
“But if we look more closely, we’ll see it’s more than that. States themselves are also looking to de-dollarize — they’re looking for an alternative to dollar-denominated investments. We’re seeing that of course individuals, but (also) states, countries and international coalitions, seem to be coalescing around gold.”
He also outlined areas of focus for 2025, saying he hopes to see more progress on ending sales taxes on precious metals.
Overall, Cortez is positive on advocacy efforts for sound money, as well as on gold and silver prices.
“I think we’re seeing that sound money — gold and silver — is having a renaissance right now,” he said.
Watch the interview above for more from Cortez on gold, silver and sound money. You can also click here to view the Investing News Network’s New Orleans Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
