Utah, Texas, And Wyoming Top 2018’s ‘Sound Money Index,’ Which Was Just Released By The Sound Money Defense League

Stefan Gleason

President at Money Metals Exchange

Contributor's Links: Money Metals Exchange

Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 1,000,000 readers, and more than 500,000 paid customers. He launched the company while president of a national newsletter publishing company dedicated to helping subscribers protect their freedoms, assets, and privacy. He founded Money Metals Exchange in 2010 in direct response to the abusive methods of national advertisers of rare, collectible, and numismatic coins who mark up their coins to 50%, 100%, or even higher above their actual melt value. Money Metals believes the average investor should never purchase precious metals that are not priced at or near their actual melt value. The rare coin market is only suitable for highly experienced collectors with money to blow. Previously, Gleason served as Vice President of the National Right to Work Legal Defense Foundation in Springfield, Virginia. As the first strategic litigation organization in the individual rights and free enterprise movement, the Foundation has led the national legal battle to block the expansion of union special privileges over workers and the U.S. economy since 1968. In addition to managing fundraising programs and many of the internal dynamics of the Foundations $7 million-a-year operation, he was the Foundations primary spokesman on a number of critical, high-profile legal cases, some of which were heard by the U.S. Supreme Court. Gleason has frequently appeared on national television shows and networks such as Fox News Channels OReilly Factor and Special Report with Brit Hume, CNBCs Closing Bell, Christian Broadcasting Network, CNN, and C-SPANs Washington Journal. He has frequently been interviewed on national radio shows such as the Lars Larson Show, Michael Reagan Show, G. Gordon Liddy Show, and Ken Hamblin Show. Gleasons articles comments have appeared in The Wall Street Journal, Detroit News, Washington Times, and National Review, among thousands of other national, state, and local newspapers, wire services, and Internet sites. A seasoned business leader, investor, political strategist, and grassroots activist, Gleason is also a graduate of the University of Florida with a BA degree in Political Science.less

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Utah, Texas, And Wyoming Top 2018’s ‘Sound Money Index,’ Which Was Just Released By The Sound Money Defense League

Date: Monday, July 9, 2018 7:47 PM EDT

The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using 9 indicators to determine which states offer the most pro-sound money environment in the country

Charlotte, NC (July 9th, 2018) –Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States, according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.

The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using 9 indicators to determine which states have implemented the most pro-sound money policies in the country.

Federal policy and the privately owned Federal Reserve System are the root causes of inflation, instability, and currency devaluation, noted Jp Cortez, Policy Director at the Sound Money Defense League. However, he noted, states can take some steps to protect their citizens from the ill effects of America’s unbacked paper money system.

“The Sound Money Index tracks the state of sound money in the United States. While no state has yet achieved a score higher than 63%, many have made progress by removing taxation on gold and silver, passing laws that reaffirm that gold & silver are money, and establishing bullion depositories,” Cortez said.

“Utah, Texas, and Wyoming lead the pack, but several states are not far behind. Legislatures in Arizona, Alabama, and North Carolina, to name a few, have passed good legislation recently. We expect this trend to continue.”

Texas ranks as the second most sound money-friendly state with a combination of pro-sound money tax policies, a state bullion depository, and even holding some of its public pension funds in physical gold bullion.

More than 75% of states have at least partially removed sales tax from gold and silver, while only 12 states still levy full sales tax against constitutional money. A few states have also removed income tax from the monetary metals.

“States that eliminate the disincentives to holding and using sound money are helping their citizens protect against the potentially harmful effects of the Federal Reserve’s unbacked system and honoring the U.S. Constitution,” said Stefan Gleason, President of Money Metals Exchange.

Best 6 states for sound money:

-Utah – 63.16%
-Texas – 58.82%
-Wyoming – 57.89%
-Arizona – 47.37%
-South Dakota – 47.06%
-Oklahoma – 42.11%

Worst 6 states for sound money:

-Arkansas – 0%
-Kentucky – 0%
-Maine – 0%
-New Jersey – 0%
-Vermont – 0%
-West Virginia – 0%

The complete 2018 Sound Money Index is available here: https://www.moneymetals.com/guides/sound-money-index

To arrange media interviews or for more information, please contact:

Jp Cortez, Policy Director, Sound Money Defense League
1-208-577-2225
jp.cortez@soundmoneydefense.org

About the Sound Money Defense League and Money Metals Exchange:

The Sound Money Defense League is a non-partisan national public policy group working on the state and federal level to bring back gold and silver as America’s constitutional money.

Money Metals Exchange is a national precious metals company recently named “Best in the USA” by an independent global ratings group and serves nearly 100,000 investors in physical gold, silver, platinum, and palladium. For more information, please visit https://www.moneymetals.com/.

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