Georgia has taken steps to promote gold and silver by exempting bullion, coins, and currency from sales tax. However, the state still taxes capital gains on precious metals when exchanged for Federal Reserve notes. While it has not yet recognized gold and silver as legal tender like Utah or Oklahoma, the constitutional push to treat them as money is gaining momentum across the nation. Georgia also lacks a bullion depository and does not hold state reserves or pension funds in gold or silver, unlike other states that are setting such examples.