APOPKA, Fla. — Florida Gov. Ron DeSantis signed a bill into law Tuesday that will allow people in the Sunshine State to make transactions using gold and silver.

The U.S. dollar was originally backed by gold, known as the "gold standard." This practice ended nationwide in 1933, and the U.S. stopped the practice of exchanging gold for dollars in 1971 .

DeSantis called the bill, HB 999 , a "landmark piece of legislation." He said the legislation gives Floridians "more independence," adding that they won't be "wedded to a fiat currency."

"If you bought a home in 1979, the average cost was $75,000; those were the days," said Rep. Doug Bankson. "If you bought that same home, that same product, now it would be $531,000. However, if you had bought that in gold in 1979, it would've been 268

See Full Page