Ron DeSantis signs bill making gold, silver legal tender, declaring it’ll give Floridians ‘financial freedom’
From Yahoo Finance: 2025-05-31 11:01:00
Florida Governor Ron DeSantis signed a bill recognizing gold and silver coins as legal tender, exempting them from sales tax. The move is aimed at protecting Floridians from the weakening U.S. dollar and growing fiscal uncertainty. The bill is set to take effect on July 1, 2026, pending legislature approval.
Gold, a safe haven asset, has surged over 35% in the past year. Florida’s move to recognize gold and silver as legal tender aligns with the belief that precious metals can hold their value better than fiat currency. Moody’s downgrade of the U.S. sovereign credit outlook and rising inflation have fueled interest in gold.
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