The recent explosion of money printing and debt-funded spending by the U.S. in response to the Covid-19 pandemic has sparked a renewed interest in the key role gold and silver play in hedging against systemic risks.
That’s why a group of Idaho legislators are working to secure a role for the monetary metals in hedging the Gem State’s government reserves.
Introduced by Representative Ron Nate (R-Rexburg) and Senator Steve Vick (R-Dalton Gardens), House Bill 7 would permit – but not require – the State Treasurer to hold some portion of state funds in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in Federal Reserve Notes.-
Learn More: https://www.activistpost.com/2021/01/idaho-legislators-aim-to-protect-state-funds-with-gold-and-silver.html?utm_source=Twitter&utm_medium=Social&utm_campaign=OneUpApp
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