Rules of Gold in Georgia

Georgia has not enacted a statute recognizing gold or silver coins or bullion as legal tender for payment of debts. Senate Bill 424 (Transactional Gold and Silver Act), introduced January 27, 2026, passed the Georgia Senate (29-21 vote) and was advanced to the House. Tier-2 verification (2026-04-26): SB 424 was killed in the Georgia House Banks Committee by an 11-4 vote on 2026-03-30 — committee members cited concerns about state liability, vendor weaponization of government backing, fraud potential, and absence of compelling state interest in transitioning from regulator to market participant. The bill did not advance beyond the House committee and is no longer active in the 2026 legislative session. Georgia remains a non-legal-tender state with no path forward in the current biennium.

Georgia taxes capital gains from the sale of precious metals as ordinary income at the state's flat rate of approximately 5.39% (declining by 0.1% annually starting January 1, 2026). No precious-metals exemption exists in Georgia's tax code. House Bill 895 (2024) proposed exempting capital gains on precious metals bullion and coins, but has not been enacted.

Georgia has not authorized a state bullion depository. No operational, authorized, or study-phase depository currently exists. Senate Bill 424 (2026) proposes establishing an authorized bullion depository with private operation (private vault contractor, e.g., Brinks) and user storage fees; implementation target July 1, 2028, if enacted.

The Georgia Office of State Treasurer does not publish evidence of physical precious-metals holdings in state treasury reports or comprehensive annual financial reports. No bullion or specie reserves identified in available public disclosures.

The Employees' Retirement System of Georgia (ERSGA) and Teachers Retirement System of Georgia (TRSGA) comprehensive annual financial reports do not disclose physical gold or silver holdings. Standard investment portfolios focus on equities, bonds, and alternatives. No precious-metals line items identified in available published reports.