Gold-backed currency effort progressed in states

Bills supported by the Sound Money Defense League were filed in half the states this year and enacted in six.
Gold coins (AP Photo/Eric Gay)

Inflation, bank failures and distrust in government lent momentum this year to a fringe effort to make it easier for people to invest in gold and silver and use precious metals to pay for things.

“2023 was our most productive, our most successful year, as far as sound money legislation,” said J.P. Cortez, executive director of the Sound Money Defense League, a North Carolina-based group that advocates for recognizing gold and silver as money.

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