“We’re seeing more and more states actively participate in a monetary renaissance,” says JP Cortez, Executive Director of the Sound Money Defense League. He speaks with Daniela Cambone about how different U.S. states are making moves to support sound money by getting rid of taxes on gold and silver and recognizing them as legal tender again. Wyoming, Idaho, and Alabama are a few standout examples of these efforts. “Politicians tend to see dollar signs and don’t understand the constitutional or historical reasons why gold and silver shouldn’t be taxed,” Cortez points out. He also weighs in on the recent power outage in Spain, highlighting why depending only on digital money can be risky during a crisis.

Key facts:

– 2025 has seen significant progress in sound money adoption.

Leading states:
Wyoming, Idaho, Alabama Challenges in implementing sound money legislation

Why are politicians reluctant to adopt sound money?

Spain’s blackout highlights the risks of relying on digital money.

JP Cortez on the Fight for Sound Money and the Rise of Gold Currency

In an era marked by inflation, economic instability, and growing concerns over government manipulation of financial systems, more Americans are taking control of their financial future by turning to tangible assets—especially gold and silver. At ITM Trading, we recently sat down with JP Cortez, policy director at the Sound Money Defense League, for a powerful discussion hosted by Daniela Cambone on the growing national movement to restore financial sovereignty through gold currency initiatives.

The State of Sound Money in America

JP Cortez has spent the last decade advocating for sound money laws at both the federal and state levels. His organization’s mission is clear: to return America to a stable monetary system backed by precious metals—something our Founding Fathers explicitly outlined in the Constitution.

As Cortez explains, “The Constitution says very clearly that states shall make nothing but gold and silver coin a tender in the payment of debts.” Yet today, our money is created by decree—backed by nothing but trust in the same institutions many Americans have come to distrust.

This monetary shift has had devastating long-term consequences: the U.S. dollar has lost 98% of its purchasing power since 1913. Inflation continues to erode savings, retirement accounts, and purchasing power. For those concerned about safeguarding their wealth, returning to gold-backed currency is not just a historical ideal—it’s a necessary strategy for financial survival.

Why Gold Currency Matters Now More Than Ever

The case for gold currency is not just ideological—it’s practical. Across the country, we are witnessing a historic groundswell of legislative action aimed at bringing back financial sanity. According to Cortez, in 2023 alone, 25 states introduced over 50 pieces of sound money legislation.

This includes bills that eliminate capital gains taxes on gold and silver, establish state depositories, and recognize gold and silver as legal tender. More states are considering these measures in 2024, signaling a public shift toward more resilient financial systems.

As Cortez puts it, “These bills are being sponsored by lawmakers who have realized that our current monetary system is broken. It doesn’t serve the people—it serves the debt machine.”

And the debt machine is accelerating. With out-of-control government spending and endless money printing, retirees and conservative savers are right to be worried. The appeal of owning physical gold and silver lies in their historical reliability—they cannot be printed, inflated, or erased by policy whims.

ITM Trading’s Role in Empowering Financial Independence

For over 28 years, ITM Trading has been at the forefront of helping individuals build resilient portfolios with precious metals. We understand that for many Americans—particularly those aged 50 and up—traditional financial institutions no longer feel trustworthy. The risks are too high, and the future feels increasingly uncertain.

That’s why we champion voices like JP Cortez, who bring a data-backed, common-sense approach to restoring financial privacy and independence.

Our host, Daniela Cambone, pressed Cortez on how Americans can best position themselves amid today’s volatility. His advice was clear: start taking steps now. Gold and silver are not speculative plays—they are the ultimate safe haven assets.

What’s Next for the Sound Money Movement?

Cortez is optimistic about the momentum behind the Sound Money movement. The fight is far from over, but the groundwork is being laid.

“The education gap is closing,” he says. “People are beginning to ask the right questions: Why is the dollar losing value? Why is inflation persistent? And why aren’t we being told the truth?”

The answers often point to the same conclusion: the fiat monetary system is inherently unstable and unfair to savers. But change doesn’t come from Washington alone. It starts with individuals making informed, proactive decisions.

How You Can Take Action Today

At ITM Trading, we help you take those next steps. Whether you’re concerned about the erosion of your purchasing power, the volatility of the stock market, or the growing reach of government over your finances, diversifying into physical gold and silver offers a time-tested solution.

📞 As JP Cortez emphasized in the interview, it’s time to ask yourself: What’s your plan?
We can help you build a strategy that gives you confidence, clarity, and control. Book a free consultation with one of our precious metals experts and find out how to safeguard your wealth in an unpredictable world.

Final Thoughts

JP Cortez’s insights are a wake-up call. The financial system is changing, and not necessarily for the better. But you still have time to prepare. With the support of experts at ITM Trading and a deeper understanding of the gold currency movement, you can make decisions that protect your wealth and preserve your financial independence.

We’re here to empower you with knowledge and proven strategies—because at ITM Trading, your financial freedom is our mission.

THINKING ABOUT PURCHASING GOLD & SILVER? Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&A 👉 SCHEDULE YOUR CALL HERE or call 866-351-4219.

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