Quote of the Day 7/1/2014

“Removing the sales tax on gold and silver purchases shorts the state treasury from revenue for priorities such as schools, roads and public safety in an effort to pander to the gold bugs. … In fact, there is nothing special about gold and silver except that they are rare, coveted and historically associated with value. Their real value is merely as a superstitious hedge against economic catastrophe.”

-The Tulsa World editorial board, on a new state law that declares gold and silver to be legal tender in Oklahoma and exempts them from sales tax (Source: http://bit.ly/1rbVGwF). The tax break is estimated to cost the state $930,000 in the next budget year.


Gene Perry worked for OK Policy from 2011 to 2019. He is a native Oklahoman and a citizen of the Cherokee Nation. He graduated from the University of Oklahoma with a B.A. in history and an M.A. in journalism.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.