Economics/Class Relations

Sound Money Project Gains Industry Recognition, Secures Wins

JP Cortez, Sound Money Defense League

The critical efforts of the Sound Money Defense League to protect and defend the interests of precious metals owners — and the public at large — continues to gain recognition as the organization racks up new policy victories once again in 2021.

Principally backed by Money Metals Exchange, the Sound Money Defense League (SMDL) is a public policy project focused on bringing renewed awareness of the importance of sound money while advocating for legislative change across the country to remove taxes on gold and silver, encourage investment in the monetary metals by states and individuals, and defend the rights of customers and dealers.

Jp Cortez, policy director of SMDL, gave an extensive interview to David Lin, anchor for Kitco News earlier this week — discussing current legislative efforts, the Sound Money Index, and the state of play at both the state and federal levels.

Earlier this month, Governor Hutchinson of Arkansas signed Senate Bill 336 into law, ending the dubious practice of slapping precious metals buyers with sales taxes of nearly 10% in the Natural State.

The Sound Money Defense League strongly supported the Arkansas measure and worked with the bill’s sponsors and in-state dealers to mobilize massive grassroots support.

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