“We’re seeing more and more states actively participate in a monetary renaissance,” says JP Cortez, Executive Director of the Sound Money Defense League. He speaks with Daniela Cambone about how different U.S. states are making moves to support sound money by getting rid of taxes on gold and silver and recognizing them as legal tender again. Wyoming, Idaho, and Alabama are a few standout examples of these efforts. “Politicians tend to see dollar signs and don’t understand the constitutional or historical reasons why gold and silver shouldn’t be taxed,” Cortez points out. He also weighs in on the recent power outage in Spain, highlighting why depending only on digital money can be risky during a crisis.
Key facts:
2025 has seen significant progress in sound money adoption.
Leading states: Wyoming, Idaho, Alabama
Challenges in implementing sound money legislation
Why are politicians reluctant to adopt sound money?
Spain’s blackout highlights the risks of relying on digital money.
📖 FREE RESOURCE: YOUR ULTIMATE DECISION-MAKING GUIDE ON GOLD AND SILVER:
📖 FREE GUIDE: Discover Daniela Cambone’s Top 10 Essential Lessons for Safeguarding Your Wealth in Uncertain Times: Visit
📞 FREE Q&A CALL: Learn strategies to protect your future with physical gold and silver today: or call 866-706-9061
📖 CHAPTERS:
Chapters:
00:00 – Tax Reforms on Gold and Silver
4:39 – State-by-State Sound Money Rankings
6:20 – The Rise of the Sound Money
7:31 – Can the Fed Stop Sound Money?
9:24 – Utah’s Leadership in Sound Money Adoption
12:30 – Spain Power Outage
17:22 – The Growing Problem of National Debt
18:51 – End the Fed
👋 STAY IN TOUCH WITH ITM & DANIELA
🟩 Schedule a Strategy Session: 866-706-9061
🟩 Email us at services@itmtrading.com
🟩 Official Homepage
🟩 Listen On The Go:
🟩 ITM’s Twitter:
🟩Daniela’s Twitter:
🟩Daniela’s Newsletter:
🌎 ABOUT ITM TRADING:
For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.
#money #gold #fed #spain #cambone
ITM Trading Inc. © Copyright, 1995 – 2025 All Rights Reserved.
source
50 Comments
Awesome Interview!
I’m 57 and an average hardworking individual and I’m not the sharpest tool in the box. During the illegal lockdowns in CA I learned what real money was and the benefits of said monies. I purchased gold and silver with my meager salary because I have the responsibility of providing for my wife when times are good or bad and when people can’t access their funds, we can. Food, fuel or anything we might need in an emergency would be easier to obtain. Additionally, we never keep excess funds in our bank, theirs enough to pay bills with a little extra for small stuff everything else we withdraw. I don’t trust our government who in my opinion appear to be actively conspiring against its citizens.
Hell, my sister in law went to pull $8000 out to pay taxes, she does everything cash and they would not let her. They are giving problems here in the USA even for $300.00 or similar. It is getting ridiculous all over the USA.
Are silver dollars the only recognized way to use silver ? And how are the figuring the value of the gold or silver at time of use ?
Washington State is going to apply a tax of 10% that's more than the dealer premium said one on YouTube! So much for selling in WA State!
Is anyone else tired of people much younger telling people who have worked over 40 years to work longer. I don’t feel as well and have the same energy as I did when I was younger. Just a comment and trying not to be negative.
I live in Ireland. The Bank Of Ireland stops me from transfering funds from my bank account to both the online Bullion and the crypto company I use. I have no trouble with any other payments. The excuse is because if an "unsual transaction". No ammount of contacting and discussing this with the bank fixes it. They say it is fixed but it never is. They are BANKSTERS. I am now defunding my bank account.
Twisted Advice. How does a regular person not just digest all of this but then Really be able to do much about it? Crazy times…
Have him come back
Mn sales tax on gold and silver coins,but not bars.
Gold has as many scams as bit coin lets do both using dedollars to buy both,,,,huh
Where is my gold tax refund yippee
Ending the fed won't do anything because if you understand things their are two other banks you have to end BIS the and the bank of Basil in Switzerland. You should know that. Daniela maybe you didn't know that your content is very interesting and i just love you.
And now Texas
they couldnt get cash. what will gold do if they had it and needed to use it? if the entire grid goes down how do you value gold to buy goods? it is ridiculous really
We need to do something about federal capital gains tax on gold and silver.
I do not know about a renaissance. gold and silver are supposed to be Americans money. The government changed something they had no power to change. Arrests should be made like yesterday for all the theft and corruption pushed on the American people by the government.
The US Constitution is dead You have the politicians killed it
no mater what kind of $ there is – the morons will ruin it. this is not a $ problem, but a mOron problem👋😒. if we carry silver, gold, etc. around or leave it in our house, apt., & so-on, theives will steal it.. if we leave it as a digital currency, the gov.s kings etc., will steal it. Y?, because they’re morons.
nice show—–sound!
Trump doesnt want to get rid of the Fed, he wants to run the Fed himself….that dummy woukd bankrupt us within weeks…look at his disasterous trade policies
People always get this wrong, according to the Constitutiion…gold and silver can pay off the federal government in gold and silver…only for debts not anything else…NOT legal tender.
The countries of the world seem to be becoming communist, especially within the European Union.
In Australia any banking deposit or withdrawal over 10k is reported to government.
When will we all be “liberated” by CBDC?
"… in a slight roundabout way…"
For people trading in silver for dollars in OH that is to much.
They used to take a photo ID in case of theft. However getting tattoos hair color and everything he said it a lie.
They don't do much on the photo ID because police don't confiscate the item at pawn shops and coin shops anymore.
There's just to many poor people committing crime and police have given up on most things and they don't care.
My mother had her house broken into and she had to pay for the items to get them back from the pawn shop. It should have been confiscated as evidence.
All items returned to owner after the person is sentenced and the pawn shop would loose out.
However to prevent pawn shops from loosing out they just let them do whatever but the owner would have to buy it back.
Insurance is a joke.
Well bud you need to visit Indiana.. they tax everything they can..
Should we assume that cash causes crashes?😮
Buy BTC. Maybe some gold – in your possession. Silver, meh.
Is Spain a democratic country ?? And if so, there is nothing free about not having access to the money you've wrk'd yer bum off for..?? Banking institutions have wrk'd hand in hand w/ LOAN SHARKS, MOBSTERS, GUN RUNNERS, WHITE SLAVERS, either directly or indirectly. The sooner digital currency arrives the better for all, as all will actually b free of having their earnings evaporate in PONZI SCHEME CENTRAL BANKING SYSTEMS OF THE FREE/NOT SO FREE WORLD !!! Wake up ! OWN YOUR OWN BANK !! THIS IS WHAT HAPPENS WHEN U OPEN A DIGITAL WALLET, AND IF U DO IT NOW ,, U WILL HUG YOURSELF WHEN FULL ADOPTION HAPPENS, AS YER DC PORTFOLIO WILL GO ……..KABOOM !!!…….BETA AX SUM BODY !!! And finally the yng man is spit'n true game , listen up and learn something folks !!
Gerberts Void just dropped a great anti black pill that answered this, getting kinda Orthodox
He’s Awesome 🎊 🎉
There are only 3 power grids in USA. East, west and Texas. What happens if one of them goes down for a few days or a week?
Excellent Guest and video
people in the comments that are saying end the fed need to read a book
Excelent! End the Fed, and the only money is gold and silver. The fiat paper is not money, is currency created of of nothing. We are paying interest to the private bankers for printing out the Fed notes( monopoly paper).
It about time the the Rockefellers feel the heat.
Spanish banks acting like the ones in China
Well spoken
Great interview Daniela. I appreciate JP Cortez's insights. Yes! The citizenry needs to force governments and the bankSter cartel to get of our way and leave us the hell alone!
Hi Daniela, please invite more guests who have information on states that are sound money friendly. I’m especially interested in Idaho, Wyoming, and Utah since they’re closest to Oregon. I’m concerned that eventually those that favor sound money will be compelled to move to states that are likewise friendly.
Thank youu
Just for example this past Saturday there was some sort of meltdown with computer systems and on Sunday at the grocery store you couldn't use debit cards. So is that just a test?
What an intelligent man!
JP is actually getting stuff done, not just talking about it like so many others, donate to the sound money defense league
👍💐😊
So, if I go to a restaurant in a State that accepts silver as money and my bill is $25 and I pay with a one oz silver coin, will I get change or arrested?
The next step needs to be "The Great Taking"
The loss of title to the creditors of title custody holders.
Good info in essence but I live in OHIO and have sold coins to a couple of dealers/coin shops and I have NEVER had such an experience as he describes–LIKE NEVER!
10:40 Re: People getting fined for just withdrawing money without advanced notice. You can bet that it does not apply to the wealthy elites.