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Wyoming legislators see gold, silver reducing risk in state investments
By JP Cortez
Sound Money Defense League, Eagle, Idaho
Thursday, January 17, 2019
CHEYENNE, Wyoming -- A group of Wyoming legislators this week introduced three bills to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state's pension fund, reserve fund, and mineral trust fund.
Introduced by state Rep. Roy Edwards, R-Gillette, and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) empowers the state treasurer to hold at least 10 percent of the Permanent Wyoming Mineral Trust Fund in the monetary metals in a depository in or near Wyoming.
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The Permanent Wyoming Mineral Trust Fund is the state's oldest and best-funded permanent fund with more than $8 billion in assets.
Last year Edwards arranged passage of the ground-breaking Wyoming Legal Tender Act, reaffirming that gold and silver are constitutional money and removing all state taxation of them. ...
... For the remainder of the report:
https://www.soundmoneydefense.org/news/2019/01/17/wyoming-derisk-gold-si...
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