Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Over 6 Million Missourians Could Soon Pay Taxes in Gold – But Is It a Good Idea?

Gold prices have surged to record levels in recent weeks. (Credit: Michael Steinberg/Pexels.com)

A groundbreaking amendment has been reportedly approved by Missouri's state legislature allowing residents to settle tax obligations using gold and silver, thereby marking a significant departure from traditional monetary policy and positioning the state at the forefront of alternative currency adoption in United States.

The development, part of a broader Finance Bill, would offer over six million state residents an option to pay taxes and purchase other goods in gold.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.