Connect with us

Hi, what are you looking for?

StayReborn.comStayReborn.com

Investing News

Jp Cortez: Gold, Silver in Sound Money Renaissance, Bullish on Prices and Progress

He highlighted that seven states in the country passed various types of sound money legislation. Some removed taxes on precious metals, while others reaffirmed gold and silver as legal tender.

Utah went further, allowing for a US$180 million investment in gold to be stored on the state’s balance sheet.

‘We talk a lot about BRICS right now and de-dollarization, and there’s so much talk about countries with an adversarial relationship to the US who are looking for alternatives,’ said Cortez.

‘But if we look more closely, we’ll see it’s more than that. States themselves are also looking to de-dollarize — they’re looking for an alternative to dollar-denominated investments. We’re seeing that of course individuals, but (also) states, countries and international coalitions, seem to be coalescing around gold.’

He also outlined areas of focus for 2025, saying he hopes to see more progress on ending sales taxes on precious metals.

Overall, Cortez is positive on advocacy efforts for sound money, as well as on gold and silver prices.

‘I think we’re seeing that sound money — gold and silver — is having a renaissance right now,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Investing News

Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) is pleased to present the Prefeasibility Study (“PFS”) for the Nifty Copper Complex. The PFS confirms the economic...

Business News

Amazon workers in more than 20 countries, including the United States and the United Kingdom, plan to hold protests or go on strike between...

Business News

Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of...

Investing News

The ongoing disputes between the Malian government and international mining companies continue to intensify as Barrick Gold (NYSE:GOLD,TSX:ABX) recently confirmed four Malian employees from...