Tom welcomes back Stefan Gleason. Stefan is president of Money Metals Exchange and Director of the Sound Money Defense League.

They rank the U.S. States based on their sound money policies. The biggest factor is sales or income taxes on gold and silver. They have recently got two new exemptions passed in Ohio and Arkansas. They have additional legislation that they hope will be passed next year.

Some states like Arizona place heavy burdens on the retail dealer and the customer. They require a lot of information on sellers to solve crimes. Much of it is a waste of time as coins are only occasionally trackable. In some cases, they are required to photograph items and submit them to the government.

There is only one state Texas with a state-chartered depository system. Tennessee is evaluating the idea of doing something similar to Texas. However, they still have sales taxes on bullion and will need to repeal that tax first.

At the Federal IRS level, there are cases around self-directed IRAs and bullion. The government doesn’t like the idea of having gold stored at home outside of an IRA. Some investors are now being audited and having to pay penalties.

Biden is hiring a lot of new auditors for the IRS and that may increase the risk of audits. Stefan gives some specific recommendations regarding deductions.

The U.S. Mint is supposed to keep up with public demand but this year their performance has been quite lackluster. Mints like the Sunshine Mint have been unable to keep up with the demand for blanks. All of this combined has caused premiums to rise on government coins. He expects further tightness in the markets over the next month or so.

Stefan views gold and silver as money and also believes in investing in royalty companies. Firstly, everyone should hold physical gold and silver. Miners come with an excessive number of risks where royalty companies don’t share that level of risk.

Time Stamp References:
0:00 – Intro
0:41 – Sound Money Defense
4:05 – Bad Policy States
7:58 – Chartered Depositories
14:42 – Self-Directed IRA Risks
19:56 – IRS Risks & Taxes
24:36 – Treasury Gold & IMF
27:31 – Money Metals
30:43 – Gold Demand & Premiums
34:13 – Gold Investment Vehicles
37:24 – Royalty Plays & Risks
38:53 – Concluding Thoughts
42:57 – Wrap Up

Talking Points From This Episode

• Promoting sound money at the state level.
• State gold depository systems.
• IRS Tax regulations and self-directed IRAs.
• Gold demand and speculative Royalty Plays

Guest Links:
Twitter: https://twitter.com/MoneyMetals
Website: https://moneymetals.com
Website: https://www.soundmoneydefense.org/

Articles:
Tennessee: https://www.soundmoneydefense.org/gold-silver-laws-tennessee
Biden IRS: https://www.moneymetals.com/news/2021/12/07/bidens-irs-is-mining-for-gold-002421
State Rankings: https://www.moneymetals.com/news/2021/11/29/new-state-rankings-dramatic-differences-gold-silver-002416
Treasury: https://www.moneymetals.com/news/2021/12/02/us-treasury-refuses-to-answer-questions-about-disposition-of-its-own-gold-002418

Stefan Gleason is President of Money Metals Exchange, a national precious metals investment company and news service with over 500,000 readers and 250,000 customers. He launched the company while president of a national newsletter publishing company dedicated to helping subscribers protect their freedoms, assets, and privacy.

Gleason founded Money Metals Exchange in 2010 in response to the abusive practices of national advertisers of “rare” coins. These companies often mark up their coins to 50%, 100%, or even higher than their actual melt value. Money Metals believes the average investor should only purchase precious metals at or near their true melt value. The rare coin market is only suitable for highly experienced collectors with money to blow.

Gleason also leads marketing, publishing, and real estate holding companies and legislative projects involving sound money and the precious metals industry. Previously, Gleason served as Vice President of the National Right to Work Legal Defense Foundation in Springfield, Virginia. Gleason is a graduate of the University of Florida with a BA degree in Political Science.

Gleason has frequently appeared on national television shows and networks such as CNN, CNBC, Fox News, Christian Broadcasting Network, and C-SPAN’s Washington Journal. He is often interviewed on national radio shows such as the Lars Larson Show, Michael Reagan Show, G. Gordon Liddy Show, and Ken Hamblin Show. Gleason’s analysis and commentary have appeared in The Wall Street Journal, TheStreet.com, Seeking Alpha, Investing.com, Newsweek, and National Review, among thousands of other national, state, and local newspapers, wire services, and Internet sites.