Kitco News, Released on 5/10/21

The state of Arkansas has recently signed legislation that removes sales taxes on gold, silver, platinum, and palladium bullion and coins. The move has been lauded as making it easier to use these coins as money in the state. “Including Arkansas, 40 U.S. states now fully or partially exempt gold and silver from the sales taxes. That leaves ten states and the District of Columbia as the primary jurisdictions that still harshly penalize citizens seeking to protect their savings against the serial devaluation of the Federal Reserve Note,” said Jp Cortez, policy director for the Sound Money Defense League. George Milling-Stanley, chief gold strategist at State Street Global Advisors, discusses with David Lin, anchor for Kitco News, how likely it is that we will be paying with our McDonald’s with gold coins, and the macroeconomic outlook for gold as an investment.

0:00​ – Gold as legal tender?
8:27​ – Gold’s macro outlook