Florida’s HB 999 Paves the Way for Gold and Silver to Be Legal Tender

Florida’s legislature has recently passed HB 999, a historic bill that officially recognizes gold and silver coins as legal tender. This bill is a significant step forward for both Florida’s economy and the sound money movement. Once signed into law, this bill will offer exciting new possibilities for businesses and residents alike.

What Does HB 999 Do?

Under the new law, gold and silver coins that meet specific purity standards (99.5% for gold and 99.9% for silver) will be officially recognized as legal tender. This means these precious metals can be used to pay for debts, taxes, and other fees in Florida. In addition to this, coins that meet the required purity standards will be exempt from sales tax when used in transactions, making them even more practical for daily use.

Why This Bill Is Important for Florida’s Economy

The passing of HB 999 could have a lasting impact on Florida’s financial landscape. By making gold and silver legal tender, Florida gives its residents an important financial tool to protect wealth from the effects of inflation. While traditional currencies can lose value over time, especially during periods of economic uncertainty, gold and silver have historically been reliable stores of value. With this bill, Floridians will have the option to use alternative currencies that are less vulnerable to the fluctuations of traditional money. 

Florida Goldbacks: A Perfect Fit for the New Law

With the recent launch of the Florida Goldback series, this bill comes at just the right time. Goldbacks already provide a practical way to spend gold in transactions, and the passing of HB 999 strengthens the potential for them to be used by both businesses and consumers every day. We hope to see them become more widely accepted across the state!