A.G. Gancarski
While the war between the House and the Governor has been a big talking point this year, Ron DeSantis says he would support a House bill to make gold and silver legal tender.
“Yes, I would,” DeSantis said in Destin when asked if he would back HB 999, passed last week by the House.
However, the Governor may not see the bill. It was temporarily postponed in the Senate Monday.
The legislation would remove sales tax for “coins or currency sold, exchanged, or traded based on precious metal content,” per a bill summary from the House. It also would exempt gold or silver coins from sales tax and would allow governmental entities to accept them as legal tender.
Additionally, it would establish guidelines for custodians of these instruments and establish consumer protections.
Businesses could opt out of this scheme if they wanted to.
The legislation would also define gold and silver as monetary instruments.
Former Chief Financial Officer Jimmy Patronis launched a study on gold and silver as currency while running for Congress. While DeSantis has yet to pick a new CFO, he’s picking one of the former office holder’s policies to champion.
19 comments
Michael K
April 28, 2025 at 12:38 pm
What a maroon. That ship sailed ago. Stop dragging us backward. Pandered g to the Fox “ news” crowd
Don
April 29, 2025 at 3:27 am
Be a good slave and obey CNN and go get your 9th Covid booster so grandma stays safe. Afterwards, you and your boyfriend can treat yourselves to a latte at Starbucks before returning home to adjust the rainbow and Ukraine flags displayed on your front porch.
MH/Duuuval
April 29, 2025 at 7:09 pm
No one should be trashing someone’s grandmother or grandfather. Obviously Don is spending too much time in front of a mirror admiring his visage while wearing his MAGA red hat.
JD
April 28, 2025 at 12:48 pm
Recognizing gold and silver as legal tender may sound appealing, but it raises serious legal, practical, and economic concerns. This proposal seems less about sound policy and more about advancing a political narrative against federal monetary authority. It deserves far more scrutiny than it’s currently getting. I think this nothing more than “sandbox test” of a Project 2025 idea or worse, a Russian idea. Remember they said our dollars are basically “candy wrappers”. We going to take Crypto next at Publix for our pubsubs??
This is a federal function and who would use a gold coin with a low face value to pay the State of Florida?
April 28, 2025 at 12:59 pm
Lunacy. The Constitution of the United States grants Congress authority over the currency of the United States, encompassing the powers to mint money and determine its value. Additionally, Congress has the authority to establish banks and manage the circulation of money. A corresponding power to the creation of currency is the regulation of counterfeit currency.
The Powers of Congress: Article I, Section 8
Article I, Section 8 of the Constitution enumerates Congress’s powers. The powers regarding currency include the following:
“The Congress shall have the power to . . .
[5] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
[6] To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”
Congress also has the power to regulate commerce with foreign nations and between the several states. Moreover, it can borrow money on credit for the United States.
C.H. Hoebeke
April 30, 2025 at 2:06 am
Not quite. Congress can only “coin” money, not print it. Nor can it define a legal tender (although it does so anyway. The Federal Reserve Note explicitly stated that is legal tender for all debts public and private).
Meanwhile, Article I, Sect.10 stipulates that no state shall “make any Thing but gold and silver Coin a Tender in Payment of Debts.”
Made in China
April 28, 2025 at 1:06 pm
Crypto is a fraud, their are only 1 million more coin to be mined ,the false Crypto only net value of 2.1 trillion dollars Google Crypto Are Finite
MarvinM
April 28, 2025 at 2:07 pm
I’m perhaps more concerned about the provision in the bill to exempt sales tax on sale of gold and silver coins. Makes me kinda wonder who is pushing this and why.
Also concerned about how much less revenue will then be coming into the state, at a time when that’s already being hit hard by declining tourism and the as-yet-to-be-realized impact of the tariffs.
During the last economic crisis, one thing the State of Florida and counties and municipalities did was increase fees. Sometimes by a lot. One example, the corporation reinstatement fee went from about $50 to $400 (went through that with my then small business, and it killed it). Vehicle registration fees increased. Traffic violation fees increased. But DeSantis doesn’t care, it won’t be his problem. (I wouldn’t be surprised if, after he is out of office, he and his family move to Texas).
JD
April 28, 2025 at 5:29 pm
I agree about the sales tax exemption on the “who is pushing it” – follow the money – who gains to make or save is usually a good metric for the “why” bills are passed these days. It’s rarely “for the people”.
As for Desantis exiting the state? He’ll have a lucrative job as a lobbyist and then sit out his 4 year and rotate back in a governor. Why would he ever leave?
JD
April 28, 2025 at 5:30 pm
And look at the statute – my quip was purposeful – it doesn’t say anything about 2 terms. It says two consecutive terms, unlike the other positions.
MH/Duuuval
April 28, 2025 at 8:33 pm
The tax break caught my eye, too. Follow the money works in this situation.
ReadTheBill
April 29, 2025 at 8:00 am
Currently gold/silver purchases over $500 are NOT taxed in FL. The bill removes the tax for purchases under $500. Some might call that a regressive tax.
Currently a person can buy $10m of gold/silver and pay no tax yet if they purchased $499 they would be taxed.
The budget office estimates that will cost the state a whopping $2m annually.
MH/Duuuval
April 29, 2025 at 7:11 pm
Interesting but not to be taken for granted as there was no source for the “facts.”
Risky Florida Business
April 28, 2025 at 2:10 pm
Desantis Casino,paying Floridian in Bitcoin Google Florida Pension Bitcoin Google Florida Bank Failure Tariffs Risk
Risky Florida Business
April 28, 2025 at 2:14 pm
Congress has not recognized Bitcoin as a currency,meaning Bitcoin are unconstitutional,and should be ruled illegal by the court
Victoria Olson
April 29, 2025 at 12:11 am
A frivolous waste of time in the legislature for what? So are businesses going to have scales to weigh your gold & silver for purchases? Total insanity unless DeSatan’s knows the dollar is going to devalue to nothing
ReadTheBill
April 29, 2025 at 8:08 am
I understand it can be a difficult task, however, reading the bill prior to commenting is incredibly helpful.
The bill specifically states that no one required to accept gold/silver.
(b) A person may not be required to offer or accept any
recognized legal tender, as described in this subsection, for
the payment of a debt, deposit, or any other purpose. A person
may not incur any liability for refusing to offer or accept such
legal tender, except as specifically provided for by contract.
Ed
April 29, 2025 at 12:56 am
Americans today are far behind the curve on understanding that gold and silver are foundational money. All paper and digital currency are receipts against bond debt. Our constitution specifies gold and silver as money by bullion weight for a reason. It is the only wealth that stands the test of time for 1000s of years. Debt based paper money always fails in a bond catastrophe, without exception. The US is heading that way unless we anchor back to constitutional gold and silver. Taxing any form of currency exchange is ludicrous. Converting usd to yen is not taxable, nor should it. Once the US dollar devalues further, everyone and every state will desperately want to transact in stable gold coinage once again, as our country did for over 100yrs.
Eggbert
May 11, 2025 at 6:21 pm
Ed,
What you have written is correct (pure gold) and sadly Gold and Silver are the only real money. The only possible way to end corruption is through the use of Gold and Silver as money. Outlined in Article 1 Section 10 of the US Constitution, of which many of our forefather died for. This ideal which include the weights and measures standardization for commerce and value as well as true equity. Personally I am exhausted trying to explain to people who cannot be bothered to read for themselves or think in order to come to their own conclusions. They are not able to be saved as they are victims of their own device.
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