North Dakota has taken significant steps toward recognizing gold and silver as valuable assets by...
South Dakota's Progress in Embracing Gold and Silver as Sound Money
South Dakota has made strides in supporting gold and silver by removing sales tax on bullion, coins, and currency. The state also does not impose a capital gains tax, allowing gold and silver holders to avoid taxation on nominal gains. While South Dakota has not yet formally recognized gold and silver as legal tender, like Utah and Oklahoma, it is moving toward creating an environment conducive to sound money. Additionally, the state has not established a bullion depository or invested its reserves in precious metals, but other states, like Texas, have set positive examples in these areas.
