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Legislation would let Idaho state treasurer invest in gold, silver

Section: Daily Dispatches

By Keith Ridler
Associated Press
via The Island Packet, Bluffton, S.C.
Tuesday, February 9, 2021

BOISE, Idaho -- Legislation to allow the Idaho treasurer to invest in gold and silver that must be physically stored in Idaho headed to the full House on Tuesday.

The House State Affairs Committee approved the legislation that Republican Rep. Ron Nate said is a great way to protect against inflation.

... Dispatch continues below ...


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"With new concerns about financial instability, it makes sense for investors, and it makes sense for states, to turn to real assets, especially in terms of precious metals, to protect investments of their funds," he told the committee.

Opponents said that precious metals as an investment are volatile, and there are much better investments to protect against inflation. The opponents also said it will cost money to get the gold and silver to Idaho and then have ongoing costs to store it in a safe place. ...

... For the remainder of the report:

https://www.islandpacket.com/news/business/article249134130.html

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