Sound Money Revival: Alabama, Idaho, Kentucky, and Wyoming Lead Charge
The Sound Money movement is gaining momentum in 2025, with states pushing to restore gold and silver as real money.
Article 1, Section 8, Clause 5 of the US Constitution reads: “[The Congress shall have power…] to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.” Article I, Section 10, Clause 1 adds: “No State shall …coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts.”
On April 16, Alabama Governor Kay Ivey signed Senate Bill 130 into law. The act recognizes “any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity” as being legal tender in that state. The Alabama law was sponsored by State Senator Tim Melson and State Representative Jamie Kiel. According to both state lawmakers, Senate Bill 130 aligns with the US constitutional mandate.
Is Alabama making a statement? Is our US fiat currency in jeopardy? Alabama, Idaho, Kentucky, and Wyoming think so. Each has passed similar specie money legislation during 2025. Idaho eliminated the capital gains tax on gold and silver while reaffirming that each metal is legal tender. Kentucky ended the sales tax on precious metal purchases. Wyoming now has a $10 million physical gold reserve.
The Sound Money Defense League and Money Metals Exchange are leading an organized push to re-establish specie money. SMDL Executive Director Jp Cortez said, “Alabama has passed three sound money bills since 2018, making it a bona fide leader in this burgeoning nationwide movement to re-monetize constitutional sound money.”
The bigger question is whether we agree with Alabama, Idaho, Kentucky, and Wyoming that it is time to end our fiat currency. At the time this is being written, the spot price of gold is more than $3,400 an ounce. You decide.
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