Florida’s Chief Financial Officer, Jimmy Patronis, has announced a study led by the Florida Department of Financial Services to assess the viability of using gold and silver bullion as legal tender in the state. The proposal aims to diversify currency options and protect residents from economic uncertainties such as inflation and potential central bank digital currency (CBDC) implementations. The initiative could establish a tax-exempt framework for transactions involving bullion, encouraging broader use without imposing financial burdens. The study will explore the historical precedent of gold and silver as money, their regulatory implications, and their integration into modern financial systems. Patronis sees this initiative as a proactive measure against financial overreach and a way to promote economic stability through currency competition.



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