A growing number of Americans understand that the reckless creation of fiat currency by the Federal Reserve System is causing many of our economic problems. They want to abolish the Fed and return to the gold-backed currency that brought America and the world unprecedented prosperity throughout the 19th century.

But that will not happen overnight. Big banks and other special interests reap enormous profits from the present system, while many Americans are accustomed to paper money and do not grasp the deep connection between sound money and lasting prosperity.

That’s why sound money activists are launching exciting initiatives at the state level to challenge the monetary monopoly of the Fed. The Sound Money Defense League is taking a multi-pronged approach to removing the shackles that bound sound money.

Our strategy is based in making changes to state sales taxation on precious metals purchases and state capital gains taxation on precious metals holdings, while working to foster regulatory environments that allow for gold depositories to operate with minimal government interference, reestablishing gold and silver as money, and encouraging states to hold reserves in precious metals.

The movement to advance the sound money cause at the state level has grown dramatically in recent years. This is likely to continue in an era of unprecedented inflation and geopolitical uncertainty. The legislative success sound money efforts have experienced are indicative of a frustration many Americans feel with the out-of-control money printing by the Fed and their corresponding desire for a return to sound, constitutional money.

From Alabama to Wyoming, states across the U.S. continue to pass legislation to eliminate taxes on gold and silver, protect state taxpayer funds with sound money, and more.

Click here to view the 2026 Sound Money Index.

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