Saturday , April 27 2024
Home / Mike Norman Economics / SchiffGold — Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

SchiffGold — Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

Summary:
Whatever. The only thing the bill does that actually counts financially is defining gold and silver as currencies rather than commodities, thereby "eliminating the state capital gains tax on gold and silver." Otherwise it confuses "money" as a token used in exchange with a currency as a unit of account functioning as the basis of an accounting system.SchiffGoldMissouri Bill Would Take Steps Toward Treating Gold and Silver as Money

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes I am I said

Lars Pålsson Syll writes The non-existence of economic laws

Michael Hudson writes Gaza – Civilization will Win over Barbarism

John Quiggin writes The war to end war, still going on

Whatever. The only thing the bill does that actually counts financially is defining gold and silver as currencies rather than commodities, thereby "eliminating the state capital gains tax on gold and silver." Otherwise it confuses "money" as a token used in exchange with a currency as a unit of account functioning as the basis of an accounting system.

SchiffGold
Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *