Wrong, it's been implemented. I think in May. While ordering 1 gold bar last week, I was surprised to see tax added, as I was spending just under $2K. I called, and they told me of the new rule. So I ordered 2 bars. Apparently, the rules have it that they reset by $500 whenever inflation is calculated to have increased that amount.
This does not help poor people wanting to save, that's for sure. It's a lie that California cares about the poor. They want the poor to be in debt and do undocumented work. And they can live on the street such as to learn to be grateful for any handouts they get from their masters of illusion.
“Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)