Read Here

The latest economic indicators regarding inflation expectations released in the USA are confirming that inflation trading is back, which has raised concerns on Wall Street that Trump's second term may bring a more intense storm to the market. Consequently, an increasing number of state authorities in the USA are beginning to announce that Gold and Silver will be considered legal tender alongside the US dollar and can be used as exchange currency to repay US debts and taxes, addressing uncertainties such as a decline in the dollar's purchasing power and inflation risks. According to a bill (HB101) submitted by Kentucky state authorities on February 3rd, the state has formally declared Gold as legal tender while also exempting capital gains taxes on Gold and Silver transactions, marking Kentucky as one of the 49 states that do not impose sales tax on Gold and Silver. The passage of this proposal will make Kentucky the 46th state to officially declare currency independence and recognize Gold as currency. It is reported that the Texas authorities had previously submitted two bills (HB1056 and HB1049) to the House on January 20th, showing that the state will create JIAOYIHUOBI strictly backed by Gold and Silver as its legal currency, declaring that the US dollar is not the only legal tender.