DeSantis Signs Gold and Silver as Legal Tender in Florida: 'Financial Freedom' for Residents

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For millennia, gold and silver have been reliable means of trade. Although the U.S., along with many other countries, currently uses paper money, Florida Governor Ron DeSantis is taking an alternative path by reintroducing these traditional precious materials into daily transactions.

On May 27, he enacted Bill 999, which is a law intended to formally designate gold and silver coins as valid currency within the state known as the Sunshine State.

As stated by The Florida Senate, coins accepted as legal currency should be distinctly labeled with their weight, quality, and place of manufacture. Furthermore, gold and silver coins acknowledged as valid money will be free from sales tax, possibly motivating more citizens to utilize and exchange tangible metals.

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This law will allow money service businesses such as checks, cashier’s checks, or PayPal to send and receive payments using gold and silver," DeSantis stated during a news briefing on May 27. "This implies that these valuable metals can begin acting as actual currency once more, rather than merely serving as assets for the affluent.

The legislation will come into force on July 1, 2026—provided the state's legislative body approves the necessary regulations first.

A safeguard from the drop in the dollar's value

DeSantis presented the legislation as an effort to safeguard Florida residents from the declining value of the U.S. dollar and increasing financial instability.

"We've witnessed the credit rating downgrades across various presidential terms, faced numerous issues within the D.C. establishment, and this represents our opportunity to provide you with financial independence to safeguard yourselves from the weakening value of the dollar," he stated.

On May 16, Moody’s reduced the U.S. country risk assessment, joining previous actions taken by S&P Global in 2011 and Fitch in 2023. The U.S. Dollar Index fell after the adjustment.

In the meantime, inflation has gradually reduced the value of the dollar. As per the Federal Reserve Bank of Minneapolis inflation calculator, $100 today is equivalent to only about $12.56 from 1971—the year when the U.S. stopped using the gold standard.

A secure refuge glows once more A protected place radiates anew An oasis of safety returns A sanctuary regains its light A sheltered area brightens up again A haven of security comes back into focus A refuge finds its shine once more A bastion of safety lights up again

The attractiveness of gold is straightforward. In contrast to paper money, this precious metal cannot be arbitrarily created by central banks.

It is also viewed as the final secure refuge. Gold is not connected to any particular nation, currency, or financial system, and during periods of economic instability or political tension, investors frequently turn to it—causing values to rise.

This could clarify why, even though financial markets are being affected by trade policy instability and international conflicts, gold has stood out positively. In the last year, the value of this valuable metal has increased by over 35%.

DeSantis mentioned during the event that gold "has increased significantly" and is "expected to maintain its worth, particularly when contrasted with paper money."

He isn't the only one who holds this view. Ray Dalio, the creator of the globe's biggest hedge fund, Bridgewater Associates, has lately emphasized gold's significance in a strong investment strategy.

People usually don't hold enough gold in their investment portfolios," Dalio said to CNBC. "During tough periods, gold serves as a highly effective way to spread risk.

A method of investing in gold that offers substantial tax benefits is to establish a gold IRA through the assistance of Thor Metals .

Gold IRAs enable investors to include actual gold or gold-associated investments inside a retirement account, merging the tax benefits of an IRA with the security offered by holding gold, thus presenting a compelling choice for individuals seeking to possibly protect their retirement savings from financial instability.

For further information, you may obtain a complimentary informational booklet that contains specifics on how to earn as much as $20,000 in complimentary precious metals on qualifying purchases.

Learn more: You don't need to be wealthy to get entry to a $1 billion private real estate fund Indeed, you can begin with as little as $10 — here's how

A time-tested income play

Gold is not the sole investment used by investors to maintain their buying capacity. Property has similarly demonstrated itself as an effective safeguard.

As inflation increases, real estate prices typically rise too, mirroring the increased expenses associated with building supplies, workforce wages, and land acquisition. Concurrently, rent earnings usually grow, offering property owners a source of income that keeps pace with rising price levels.

In the last five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has increased by over 50%, indicating high demand combined with scarce housing availability.

Certainly, expensive housing costs can complicate purchasing a property, particularly when interest rates remain high. Additionally, acting as a landlord is far from passive—handling renters, upkeep, and fixes can easily consume your time (and reduce profits).

The positive aspect is that you aren't required to purchase a property entirely—nor handle issues such as dripping taps—to get involved in real estate investing these days. Investment opportunities through crowdfunding sites like Arrived provide a simpler method to gain access to this investment category renowned for its ability to produce regular returns.

Supported by top-tier investors such as Jeff Bezos, Arrived enables you to Invest in real estate properties through stock purchases starting from just $100 all while avoiding the stress of cutting grass, repairing dripping taps, or dealing with challenging renters.

The procedure is straightforward: explore a carefully chosen list of houses that have been evaluated for their value growth and rental revenue prospects. When you discover a home that interests you, choose how many shares you wish to buy, and then relax as you... begin getting any favorable rental revenue allocations from your investment.

Another option is Homeshares which allows certified investors to enter the $35 trillion U.S. residential property value sector – an area that has traditionally been limited to large financial institutions.

For as little as $25,000, investors can access direct involvement in numerous residential properties located in leading U.S. cities via their U.S. Home Equity Fund—avoiding the complexities associated with purchasing, holding, or overseeing real estate.

Offering risk-adjusted expected returns between 14% and 17%, this method delivers a reliable, low-maintenance solution for put money into homes that are lived in by their owners allocate funds towards residences occupied by the property holders support real estate investments where the occupants own the home finance housing units that are inhabited by the owners themselves contribute capital to properties used as primary dwellings by their proprietors across regional markets.