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To: Rarebird who wrote (115883)	1/5/2024 3:33:21 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 116796

I can't believe this is not widely talked about. If it passes, it will be very significant.

To: Rarebird who wrote (115883)	1/6/2024 10:46:53 AM
From: Real Man	Read Replies (1) \| Respond to of 116796

I personally don’t see it as a big deal. Gold and silver are constitutional money in the US, but the world has moved away from the gold standard for good even though it is still held in central bank reserves. The significance of gold reserves grew in the last 2 years as a way for countries to eliminate the risk of confiscation or other adverse actions. The biggest force before US became #1 was the British empire. The Bank of England moved away from the gold standard already in late 18-th century, to be followed by other central banks and finally the US in 1970s.

To: Rarebird who wrote (115883)	1/6/2024 11:11:45 AM
From: Real Man	Respond to of 116796

I mean, it’s nice not to have your state tax gold sales, but I don’t expect this to have any effect whatsoever on gold supply and demand picture since most demand is coming from China and India. I bet Chinese slowdown is affecting gold a lot more than anything in the US. The US is #6 gold supplier in the world so the news is not entirely significant for the supply side either. If there is high inflation in major economies gold will sky, but that is a separate issue from some states choosing not to tax gold sales.