Senate approves optional state gold-and-silver depository and transactional system
Lawmakers approved SB 424 to authorize an optional state bullion depository and an electronic payment system backed by gold and silver specie; sponsors said the program is voluntary, fee-funded, and designed to expand payment and investment options for Georgians. The bill passed on the floor after brief questioning.
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Senator Harbourn described SB 424 as an optional financial program that would let Georgians hold and transact in gold and silver through a state-supervised depository and an electronic payments layer. The sponsor said the measure would be ‘‘financial freedom’’ for citizens who wish to hold hard assets and emphasized that participation would be voluntary and fee-funded, with users' fees covering operational costs.
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