Ron DeSantis has a plan for gold and silver that will send the banksters into a fit of rage

May 29, 2025

Look out, Federal Reserve – Florida’s about to give you some competition.

Governor Ron DeSantis is gearing up to sign a bill that would let Floridians use gold and silver coins to pay their debts. 

And Ron DeSantis has a plan for gold and silver that will send the banksters into a fit of rage.

This move has the financial world buzzing.

DeSantis didn’t mince words when asked if he’d back the bill. 

“Yes, I would,” he fired back during a recent stop in Destin. 

This wasn’t some wishy-washy politician’s answer – the Governor’s firmly on board with House Bill 999.

The Florida House already gave it a thumbs-up with a whopping 114-1 vote. 

That’s the kind of landslide you rarely see in today’s divided politics.

Republican Representative Doug Bankson, who championed the bill, seems downright pleased with some tweaks added by the Senate. 

Those changes “strengthen the House bill” and give everyone a “longer runway for implementation,” he said. 

They also clear up some nitty-gritty details about metal “purity” and throw in extra safeguards for consumers.

What’s actually in this thing?

HB 999 isn’t just about letting people pay with shiny coins. 

It’s got teeth.

The bill wipes out sales tax on “coins or currency sold, exchanged, or traded based on precious metal content.” 

That’s a big deal – no more paying extra just to convert your dollars into something that might hold value when inflation runs wild.

Government offices would be allowed to take gold and silver as payment. 

Your local DMV could potentially accept a gold coin for your license renewal.  

But don’t worry, store owners – you can still say “no thanks” to someone trying to pay for groceries with a silver dollar. 

Businesses can opt out if they don’t want the hassle.

Getting this system up and running won’t be a walk in the park, though. 

The bill demands “privately ensuring deposits’ security” and maintaining “separate ledger accounts” for precious metal transactions.

And there’s a deadline looming – Florida’s Chief Financial Officer (whoever that ends up being) and the Financial Services Commission must draft implementation rules and hand them to the Legislature by November 1.

The Sunshine State joins the gold rush

Florida’s not exactly blazing a new trail here. 

Utah jumped on this bandwagon years ago, followed by Wyoming and Texas. 

It’s part of a growing movement to create alternatives to our paper money system.

Why the push? 

Many folks don’t trust the Fed’s money-printing bonanza and worry about inflation eating away at their savings. 

Hard assets like gold and silver? 

They’ve held value for thousands of years.

Jimmy Patronis, Florida’s former CFO, had already started studying this idea before leaving office to run for Congress. 

He admitted it’s complicated business, but DeSantis seems ready to tackle those challenges head-on.

Speaking of CFOs – Florida doesn’t have one right now. 

Word on the street is DeSantis will tap his ally Senator Blaise Ingoglia for the job. 

Whoever lands there will have their hands full figuring out how to make gold and silver work as everyday money.

This isn’t the finish line

Don’t expect to be paying for your coffee with gold nuggets next month. 

HB 999 is just the starting gun.

Lawmakers openly admit they’ll need to pass more bills next session to iron out the wrinkles. 

There’s a mountain of practical questions to solve: How will transactions actually work? Where will people store their precious metals? How will values be determined day-to-day?

The bill does officially define gold and silver as “monetary instruments” – a pretty radical step when you think about it. 

But turning that legal definition into a working system that average Floridians can use? That’s where the rubber meets the road.

When DeSantis puts pen to paper on this bill, Florida will become part of a growing rebellion against our current monetary system. 

Whether it’s a smart hedge against economic chaos or just a political statement remains to be seen.

One thing’s for sure – the money in your pocket might look very different in a few years.

 

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