Jacob Ogles
Chief Financial Officer Jimmy Patronis wants gold and silver as legal tender in the state of Florida.
The Cabinet member, as he runs for Congress, launched a study on how precious metals could be used as currency for goods and services.
“This is an exciting initiative that has the potential for enormous growth in our state,” Patronis said.
“Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender. I’m launching this study to determine the best way to get it done. I’ve also included in the framework of the study that gold and silver cannot be taxed as property for the purposes of using them as money.
The Department of Financial Services will manage the study, which will focus specifically on how gold and silver bullions, bars, ingots and coins can be recognized within the state.
Patronis suggested gold and silver could serve as an alternative to cash and Federal Reserve notes. He said that could combat inflation because precious metals continue to increase in value at times when the dollar loses value.
“Families and businesses don’t need higher taxes,” Patronis said. “They need innovative solutions to help them grow. This proposal not only does that, but it would also result in protections against monetary failures and abuses, like the (Joe) Biden-(Kamala) Harris inflation nightmare and attacks on Floridians’ financial freedoms.”
Patronis has notably pushed for years for Florida to increase cryptocurrency transparency in Florida. He also supported a ban on central bank digital currencies in Florida.
Conservatives, particularly libertarian-leaning ones, have long pushed for greater reliance on a gold standard in preference to fiat currency regulated by the Federal Reserve.
Patronis announced the push for use of gold and silver as he runs to succeed former U.S. Rep. Matt Gaetz in Congress. Patronis is one of 10 Republicans running in a Jan. 28 Primary ahead of an April 1 Special General Election.
3 comments
Earl Pitts American
December 11, 2024 at 1:46 pm
Good afternoon Sage Patriots,
Jimmy’s idea deserves to be vetted properly.
THAT BEING SAID:
I would like to speak to a gold related financial issue that could cause great loss to your portfolio.
America the conservative talk shows are still advertizing gold and converting your cash based IRA, other retirement accounts, along with other regular investment accounts into gold or gold backed IRA’s as a hedge against inflation.
NOW PAY ATTENTION:
That was Sage advice under HARRIS/BIDEN-NOMICS as inflation kept going up & up.
REMEMBER THE ADVICE OF THOURSTON HOWELL III:
“BUY LOW & SELL HIGH BOY”
Well now that Trump is going into office inflation and the prospects for WWIII are going down and with it Inflation will also be going down.
THE MORAL OF THE STORY:
Do Not buy gold now as it is priced very high due to the ravages of HARRIS/BIDEN-NOMICS on our Nation’s and The World’s economey(s).
Trump will immediatly bring inflation down ***so buying into Gold now would be counter-productive***
You would be “Buying High & Selling Low”
This Sage Financial Wisdom-Share has been brought to you courtsey of Earl Pitts American
*Jimmy may want to look at the “False Financial Advertizing” by the “Gold Companies” being advertized on various IHE@RT RADIO SHOWS. As of now, with lower inflation on the horision, due to Trump, now is a very bad time to buy Gold.*
Earl
Skeptic
December 11, 2024 at 5:52 pm
How does the clerk at Publix make change for the gold ingot? Can I pull out a filling to pay at McDonalds?
Brett Packard
December 13, 2024 at 3:03 pm
They produce fractional silver and gold wafers that are easily broken into smaller, 1 gram, pieces. They can be used to pay for goods and services. You would need to know the spot price as it changes often, then use a calculator to determine the worth of a gram of silver or gold.
Comments are closed.