Georgia's Bold Plan: Using Gold and Silver as Everyday Cash
Georgia lawmakers have proposed a new bill to make gold and silver usable as everyday money. The plan, called the Transactional Gold and Silver Act, aims to help residents cope with rising costs by offering a stable alternative to traditional cash.
The bill, known as SB 424, would let people buy small amounts of gold and silver bullion—starting from just a few dollars a month. These purchases could then be used like a debit account for payments. A UK-based fintech company, Glint Pay, would manage the transactions and provide users with a payment card linked to their precious metals holdings.
If approved, the law would also create a state board, led by Georgia's treasurer, to oversee gold purchases and regulations. Another key feature is the removal of capital gains tax on profits from gold sales, reducing costs for consumers. The move follows similar programs in Texas, Florida, Louisiana, Arkansas, and Missouri, where gold and silver are already recognised as legal payment methods.
Supporters argue that precious metals hold value more reliably than paper money, which often loses purchasing power over time. Texas, for example, has already launched its 2026 Lone Star Coins in gold and silver, while Florida's HB 999 bill now treats gold and silver coins as official legal tender. Many other US states are exploring comparable measures, though exact timelines remain unclear.
The proposed law would give Georgians a new way to protect their money from inflation. By allowing small, regular purchases of gold and silver, the state hopes to provide a stable financial option for daily spending. The bill now awaits further legislative review before it can take effect.
