What is a dollar revaluation?

A dollar revaluation occurs when the government officially changes the dollar's value relative to gold or other assets. Historically, in 1934, the US revalued gold from $20.67 to $35 per ounce, effectively devaluing the dollar by 41%.

How would a dollar revaluation affect my savings?

While your bank balance would remain the same numerically, the purchasing power of those dollars could decrease significantly. If gold were revalued to back current debt levels, the cost of goods and services would theoretically rise to match the new monetary standard.

What indicators suggest a dollar revaluation might occur?

Key indicators include: record central bank gold purchases, rising debt-to-GDP ratios, BRICS currency development, digital price infrastructure deployment, and gold reaching new price highs. Our Risk Index tracks these factors in real-time.

Has the US dollar been revalued before?

Yes. In 1934, President Roosevelt revalued gold from $20.67 to $35 per ounce under the Gold Reserve Act. In 1971, President Nixon ended dollar-gold convertibility (the 'Nixon Shock'), fundamentally changing the global monetary system.

Florida has officially recognized gold and silver coins as legal tender, with HB 999 taking effect on July 1, 2026. The Sunshine State joins a growing coalition of states embracing sound money principles, signaling grassroots momentum for monetary alternatives even as federal policy remains unchange...

Florida Joins Sound Money Movement: Gold and Silver as Legal Tender in 2026

What the Law Does

HB 999 reaffirms gold and silver coins as legal tender within Florida, building on constitutional provisions that have existed since the nation's founding but remained largely dormant in practice. The law removes certain tax barriers and regulatory friction that previously discouraged the use of precious metals in transactions.

Effective July 2026, Floridians will have clearer legal standing to use gold and silver coins for commerce, savings, and settlement of debts. While practical adoption may remain limited due to price volatility and convenience factors, the symbolic and legal significance should not be underestimated.

The State-Level Sound Money Map

Florida joins 11 states that have passed sound money legislation, creating a patchwork of jurisdictions where precious metals enjoy enhanced legal status.

| State | Legislation | Key Provisions | |-------|-------------|----------------| | Florida | HB 999 (2026) | Gold/silver as legal tender, effective July 2026 | | Utah | 2011 Legal Tender Act | First modern state to recognize gold/silver | | Alabama | 2023 Sound Money Act | Removes sales tax on precious metals | | Wyoming | 2018 Specie Legal Tender Act | Full legal tender recognition | | Texas | Proposed HB 1049/1056 | State-issued gold/silver-backed currency | | Idaho | 2025 Reforms | Tax exemptions for precious metals | | Tennessee | 2025 Reforms | Legal tender recognition | | Kentucky | 2025 Reforms | Sales tax removal |

Texas has proposed the most ambitious legislation: HB 1049 and HB 1056 would create a state-issued currency backed by gold and silver. If passed, Texas would move beyond recognition to active issuance—a significant escalation in the sound money movement.

Federal Legislative Landscape

At the federal level, several bills address gold and monetary reform, though none have gained sufficient traction for passage.

The Gold Standard Restoration Act (HR 2435) would repeg the dollar to gold at a fixed rate, effectively returning to a gold standard. The Gold Reserve Transparency Act calls for a full audit and potential revaluation of U.S. gold reserves. Senator Mike Lee has advocated for gold audits, while Representatives Massie and Davidson have introduced similar measures.

These federal efforts face steep odds in the current political environment, making state-level action the more viable path for sound money advocates.

Why States Are Acting

The state sound money movement reflects several converging concerns. Inflation has eroded purchasing power, with the dollar losing significant value over the past decade. Federal debt continues to grow, raising questions about long-term currency stability. And the Federal Reserve's policy shifts—from quantitative tightening to easing—have created uncertainty about monetary direction.

State legislators are responding to constituent demand for alternatives. While no state can unilaterally return to a gold standard, they can reduce barriers to precious metals ownership and use, creating optionality for citizens who prefer hard assets.

Practical Limitations

Critics correctly note that gold and silver face practical limitations as transactional currencies. Price volatility makes pricing goods and services challenging. Divisibility issues complicate small transactions. And the convenience of digital payments far exceeds physical metal exchange.

These limitations explain why sound money laws are unlikely to displace fiat currency in daily commerce. Their value lies elsewhere: in establishing legal frameworks that protect precious metals ownership, in signaling political support for monetary alternatives, and in creating infrastructure that could prove valuable if fiat currency confidence deteriorates significantly.

What This Means for Dollar Revaluation

The state sound money movement represents a bottom-up challenge to fiat currency dominance. While individual state laws cannot force federal monetary policy changes, they create political pressure and demonstrate public appetite for alternatives.

If the trend continues—and Texas's proposed state-issued currency suggests it will—federal policymakers may eventually face pressure to address the disconnect between gold's market value and its official book value on the Federal Reserve's balance sheet. State action today could influence federal policy tomorrow.

Looking Ahead

Florida's July 2026 implementation date provides a test case for sound money legislation in a major economy. The state's experience will inform other legislatures considering similar measures.

For those tracking dollar revaluation signals, the state sound money movement represents a leading indicator of public sentiment. When citizens and their representatives actively seek alternatives to fiat currency, it suggests declining confidence in the existing monetary system—precisely the conditions that historically precede major monetary reforms.

This analysis is for informational purposes only and does not constitute financial, legal, or tax advice. Consult qualified professionals before making decisions based on this information.

References

[1] Florida HB 999 - Sound Money Legal Tender Act (2026) [2] Sound Money Defense League - State Legislation Tracker [3] Texas HB 1049/1056 - State-Issued Currency Proposals [4] U.S. Congress - Gold Standard Restoration Act (HR 2435)