More US States Now Accepting Gold As Legal Tender | Andy Schectman & Jason Cozens
A sound money revolution is underway
The US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money.
But trying using them to buy something. Or pay your taxes.
Until very recently, you really couldn't.
But now, an increasing number of US states have passed laws acknowledging gold & silver as legal tender again.
In a livestream this morning, I discussed the why & the how of this with precious metals experts Andy Schectman, CEO of Miles Franklin, and Jason Cozens, CEO of Glint.
To listen to the replay of the livestream, click here or on the video below.
FYI: if you’re looking to purchase bullion online, Thoughtful Money recommends Miles Franklin, co-founded, owned and operated by Andy. The firm has been in operation since 1989, and is a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and deliver fair pricing.
Given the important of the partnership between Thoughtful Money and his firm, Andy himself has offered to give Thoughtful Money followers the “white glove” treatment. So if you’re interested in learning more about their services, email them directly at info@milesfranklin.com and Andy or one of his lieutenants will give you personal attention, answer all your questions and work to get you the products that best meets your needs at the best possible price.
GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:
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Adam’s Notes: Andy Schectman & Jason Cozens (recorded 7.16.25)
EXECUTIVE SUMMARY:
State-Level Sound Money Movement: Over 22 U.S. states, including Texas, have passed or are considering legislation recognizing gold and silver as legal tender, driven by concerns over federal debt ($37 trillion) and inflation’s erosive effects.
Glint’s Role in Transactions: Jason Cozens’ Glint platform enables electronic gold transactions, addressing practical barriers to using gold as currency, with demonstrations swaying state legislators to support sound money laws.
Federal Resistance and Capital Gains Tax: Opposition from banks and political inertia hinders progress, but removing capital gains tax on gold (28% as a collectible) is a key goal, potentially via executive order, to align it with dollar treatment.
