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Kansas Legal Tender Act Would Treat Gold and Silver as Money
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Kansas bill would make gold and silver legal tender in the state
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Kansas Bill Would Make Gold And Silver Legal Tender In The State
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Imagine your favorite company getting sued for holding too much cash.
I know, that s a big statement. But hear me out.
Corporations, pension funds and insurance companies anyone responsible to stakeholders could one day face class action lawsuits if they don t diversify into other reserves assets. It s not beyond the realm of possibility, especially in today s litigious-happy world.
Michael Saylor famously bought bitcoin last year to diversify and protect the buying power of MicroStrategy s surplus cash…half a billion dollars worth. Elon Musk recently did the same for Tesla, plowing $1.5 billion into bitcoin. Before either of these was Overtstock.com. Remember them?
HONOLULU, Hawaii (Feb. 18, 2021) – Last week, a Hawaii House committee unanimously passed a bill that would repeal the excise tax on the sale of gold and silver bullion. The enactment of this legislation would eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
Rep. Val Okimoto (R) and Rep. Dale Kobayashi (D) introduced House Bill 1184 (HB1184) on Jan. 26. The legislation would exempt precious metal bullion from the state sales tax. The bill defines precious metals bullion as “coins, bars, or rounds, minted primarily of refined gold or silver, that are: Marked and valued by their weight, purity, and content; or minted by a government authority”