Both Arizona and Idaho have taken steps to re-monetize silver and gold by passing Bills in both Houses stating that there will be NO State capital gains tax on silver and gold from increases in value of those holdings. They go on to say that this is because silver and gold are money and you shouldn’t have to pay capital gains tax if one form of money increases in value relative to another currency (such as the US dollar).
A clear example of this is the Federal Reserve’s inflationary policies that have the effect of making it appear that holders of gold and silver have an increase in value of their holdings when the reality is that it is an example of the reduction in the purchasing power of the US dollar and not necessarily an increase in value of the silver and gold.
In Arizona, HB2014 has passed the house and moved to the Senate where it is awaiting a vote.
In Idaho, House Bill 206 has passed in the House it has also moved to the Senate for consideration.
In Utah, it was previously signed into law that Gold and Silver can be used as legal tender. This sets the stage for competition with the Federal Reserve.
Watch for other states to soon follow Arizona and Idaho.