22 US states have passed or are considering legislation to recognize gold and silver as legal tender, aligning with the US Constitution’s Article 1 Section 10 Clause 1 which forbids states from making anything currency except gold and silver.
The IRS currently taxes gold and silver as collectibles at a 28% tax rate, not as traditional capital gains, creating a conflict with states recognizing them as legal tender.
The $37 trillion national debt, excluding unfunded liabilities, is declared a matter of national security by the US Senate, driving states’ concerns about dollar devaluation and the movement towards sound money.
A Gallup poll reveals that 30-36% of Americans have already bought gold, with another 36% considering it, indicating a significant shift in wealth storage preferences.
Central banks have been accumulating gold rapidly, with over $100 billion in known deliveries to the COMEX market since November, signaling gold’s importance as a stable store of wealth.
Glint, founded by Jason Cousins, enables physical gold to be used in electronic transactions, with 60% of its clients being Americans, demonstrating the feasibility of using gold as functional money.
The US government is exploring quantum computing to create a hacking-proof gold-backed Treasury market, enhancing the security and integrity of potential gold-backed financial systems.
The US government is considering a 50-year gold-backed Treasury market to manage debt and incentivize demand for US treasuries, potentially allowing gold prices to rise over time.
Some experts suggest the US is using tariffs as a cover to reshore gold to back the Treasury market, aiming to maintain economic hegemony and supremacy.
The government is exploring stable coins backed by US treasuries to increase demand without causing inflation, supporting economic stability and growth.
Utah has passed legislation allowing the state to hold up to $100 million in gold in its rainy day fund, setting a model for other states to diversify and protect against inflation.
Some states are considering state mining operations to produce gold for their treasuries, further solidifying their commitment to gold-backed financial systems.
Banks are opposed to recognizing gold as legal tender due to concerns about interrupting their advantage in money creation and potential mass exodus of deposits to gold.
The Treasury bond market crisis, stemming from the US government’s massive debt exceeding $200 trillion, is driving considerations of gold-backed financial instruments to maintain global economic stability.
Silver is poised to reach $41-$42 if it breaks above the $37 level, having already surpassed the $34-$35 resistance.
Historical analogs from 1972-1978 and 2009 suggest silver’s performance following a gold breakout to new all-time highs, with the 1972 chart being the most relevant to the current situation.
The silver daily bar chart indicates a breakout from a descending triangle, projecting to $41, with a potential bull flag formation that could lead to further upside.
Silver against foreign currencies has reached an all-time high, signaling a likely breakout above $50 per ounce in USD terms before making new overall highs.
Silver’s performance against the 60/40 portfolio shows a significant historical double bottom, approaching a 4-4.5 year high, with potential movement to $41-$42 establishing a bullish 11-year base.
Banyan Gold’s ORMAC project has experienced explosive growth, expanding from zero resources in 2016 to 2.2 million ounces of indicated gold and 5.34 million ounces of inferred gold by 2025, with a 10% increase in total resources announced that year.
The project boasts a high-grade core of 1.4 million ounces at 0.95 g/t and 3.1 million ounces at 0.98 g/t above a 0.55 g/t cutoff, positioning it as a high-margin opportunity.
Banyan Gold’s market cap has surged from $5 million in 2016 to $110 million in 2025, with CEO Tara Christie holding a 4% stake and demonstrating commitment through open market share purchases.
The company maintains a fully diluted share count of 376 million with no outstanding warrants and employee options, of which 30% are in the 21-25 cent range and in the money.
The project benefits from existing infrastructure, including a road and power line running through it, with a hydroelectric dam connected to the grid just 50 km away.
Banyan Gold plans to build a mill with options including leaching (93% recovery rate), CIL, flotation (90% recovery), and gravity separation, to be determined through a pre-feasibility study in 2025.
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