Indiana

The Hoosier State’s Golden Legacy

Indiana, the "Hoosier State," harbors a subtle golden history—placer gold swept in from Canada by ancient glaciers, speckling its rivers like the Wabash and Ohio since the 19th century. While not a gold rush epicenter, Indiana’s industrious spirit—from its steel mills to its farming heartland—makes it ripe for innovation. The Goldback—a voluntary, spendable gold currency—offers Hoosiers a chance to tap into this legacy, blending heritage with modern value. Why not let Indiana shine with gold?

Legislative Momentum: Indiana’s Golden Gateway

Indiana’s legislature is opening doors for gold transactions. Since 2018, gold and silver bullion have been exempt from the state’s 7% sales tax per Indiana Code § 6-2.5-5-41. In 2024, House Bill 1043 (HB 1043) proposed recognizing gold and silver as legal tender and exempting them from property taxes—passed by the House on January 23, 2024, and now awaiting Senate approval as of February 25, 2025. These steps position Indiana as a Goldback-ready leader in the Midwest.

Economic Resilience and Hoosier Pride

The Goldback fortifies Indiana’s economy and spirit. Starting at 1/1000th of an ounce, it’s perfect for small buys—from Bloomington’s artisan markets to Gary’s local shops. With inflation a concern, its gold backing offers stability, mirroring Indiana’s steadfast resolve. Imagine a Goldback series showcasing state icons: the Indy 500, Lincoln’s boyhood home, or Hoosier Hill. These notes would be collectibles, boosting tourism and pride. Businesses adopting Goldbacks could attract sound-money fans, enhancing local trade. This is Indiana’s golden opportunity.

Indiana-Specific Goldback Designs

Here’s how Indiana’s Goldback denominations could honor its significant people and places:

• 1 Goldback (1/1000 oz): Features a prospector panning along the Wabash River, nodding to Indiana’s glacial gold heritage.
• 5 Goldback (1/200 oz): Depicts young Abraham Lincoln at his Rockport boyhood home, honoring his formative years in Indiana.
• 10 Goldback (1/100 oz): Showcases the Indianapolis 500 finish line, celebrating the world-famous race’s legacy.
• 25 Goldback (1/40 oz): Highlights Madam C.J. Walker in Indianapolis, recognizing the first self-made female millionaire’s impact.
• 50 Goldback (1/20 oz): Pictures Hoosier Hill’s golden fields, symbolizing Indiana’s highest point and rural heart.

These designs turn the Goldback into a tribute to Indiana’s history and character, blending value with Hoosier pride.

A Golden Call to Lead the Midwest

Utah, Nevada, and others have Goldbacks, but Indiana can lead the Midwest. With HB 1043 advancing, a sales tax exemption already in place, and a legacy of grit, Indiana is primed to pioneer this currency in the region. Let’s urge the Senate to pass HB 1043 and launch an Indiana Goldback series. Imagine gold in every hand—from South Bend to Evansville—proving the Hoosier State isn’t just a crossroads but a golden frontier. The time is now.

Rise up. Make Indiana golden.