US States continue to confront the dilemma of precious metals in modern economies. Which is: , or not? The latest in the growing list of states pondering this is West Virginia. Bill SB 502 removes sales tax from precious metals transactions, on the theory that precious metals have a legitimate role as money.
This legislation doesn’t go as far as some proposals, such as Texas which stipulates a for precious metals, but it will help West Virginians trade their silver at lower costs. What do you think – should states recognize gold and silver as currency, and if so in what forms?
Tell us your thoughts in the Comments below.