Market News: This State Moved to De-Tax Silver
silver bars

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.