This week, Florida Governor Ron Desantis signed a bill to start the process of making gold and silver -law of the state. Why? “This is our ability to give you the financial freedom to be able to protect yourself from the declining value of the dollar,” Desantis said. The new state law comes into force on July 1, 2026.
Lawing legislations are gaining momentum in the states
Florida is not alone. There is a growing movement over a number of states to recognize gold and silver as a legal bid. From mid-2025, a number of states have passed legislation that officially recognize gold and silver coins as legal bids, while many other states have bills for treatment.
Here are only a few of the states that are currently recognizing gold and silver coins as a legal bid that allow these coins to be used for payments of debt and in trade:
- Utah: Utah Legal Tender ACT, adopted in 2011, recognizes US-mint gold and silver coins as a legal bid.
- Louisiana: The state currently has a law on the books that gold and silver are legal bid. Currently, there is new legislation proposing a change in language to state that any gold or silver coin, specie or gold must be recognized by the US government rather than issued by it to be considered a legal bid in the state. This change replaces the term “issued” with “recognized” and removes the requirement of state issuance.
- Oklahoma: In 2014, Oklahoma Senate recognized 862 gold and silver-US coins as a legal bid and exempt from taxation.
- Wyoming: In 2018, Wyoming created a law that removed the taxation of gold and silver gold.
- South Carolina: In 2013, South Carolina House of Representatives adopted a bill that declared gold and silver -legal bid.
- Kansas: In 2013, the Kansas Committee on Taxation adopted a bill that declared us-embossed coins as both legal tender and tax exempt.
A constitutional foundation for gold and silver as money
Why is this movement growing over our nation today? Supporters of Sound Money point to the US constitution’s specific reference to gold and silver as money and argue that returning to these standards maintains the country’s basic legal framework.
The US Constitution in Article 1, Section 10, says: “No state must … do anything other than gold and silver coin for a bid for payment of Deb
Ts. “This clause is often cited by healthy money lawyers as the constitutional basis of states to recognize precious metals as money.
While federal policy has favored the use of paper currency, states have authority to recognize gold and silver as a legal offering within their own jurisdictions.
Other reasons for state legislators focus on gold and silver
The Sound Money movement to restore gold and silver as a legal bid across states is driven by a desire for financial stability in a currency. Unlike paper money (Fiat currency) that governments and central banks can print in unlimited quantities, gold and silver are naturally scarce. For example, the annual increase in global gold supply is generally only approx. 1.4% to 2.2%.
But the supply of paper money can grow rapidly. During the global financial crisis and the Covid pandemic, the government printed new paper money to flood the financial system of liquidity. In 2020 alone, the US money supply, measured by m2, grew by 27%.
More Supply Devaluates the Purchase Force for Paper Money over time.
Over 5,000 years of history, gold and silver have kept and increased value. Meanwhile, there are several examples in history where paper currencies have been devalued, destroyed and made almost worthless by hyperinflation or monetary policy changes. Precious metals offer a stable value of value and a hedge against currency enhancement.
Supporters of the Sound Money movement also point to benefits, including financial privacy and freedom. In contrast to digital payments that are traces
Ed and can even be frozen by governments, using physical gold and silver can offer privacy and autonomy in financial transactions.
Last but not least, concerns about rising US government debt cause concerns about a potential currency crisis, devaluation or a period of significantly higher inflation in our nation.
The lower line
Gold and silver have served as currencies for over 5,000 years and have been the test of time. In today’s modern world, investors still put their faith in precious metals. Central banks around the globe have added and stored new gold reserves in recent years in record speed. It’s not just central bankers. The demand for gold bars and coins has also been on the rise among individual investors, with some dealers experiencing temporary deficiency.
At Blanchard we are required to help you protect and maintain your wealth. We have a comprehensive inventory of gold and silver gold available for consignment today. It is easy to increase your wealth protection if you shop now. Explore our gold coins or silver coins now.
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