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Wyoming closer to using gold and silver as legal currency
By Renee Jean
Cowboy State Daily, Cheyenne, Wyoming
Friday, June 20, 2025
When state Sen. Bob Ide, R-Casper, introduced the Wyoming Gold Act earlier this year -- which requires the Wyoming state treasurer to buy and hold at least $10 million in physical gold -- the price of gold was much lower.
It was hovering in the $2,600 to $2,700 per ounce range. Now gold is soaring high at $3,385 an ounce, and even reached $3,500 in April. Any gold bought then would already be worth about 33% more.
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Such spikes in price have now made acquiring physical gold a little trickier than it was, Ide said.
But he also believes that's helping demonstrate why holding physical gold is a valuable diversification of the state's financial portfolio. It can help protect value and wealth from inflation and uncertainty.
"All things said, gold really doesn't go up," he said. "The dollar goes down. And gold is just a measure of what's going on with the devaluation of our currency."
The Wyoming Gold Act was the latest in a string of plays that have put the Cowboy State at the top of the 2025 Sound Money Index, published annually by the Sound Money Defense League and Money Metals Exchange.
Sound money is a term adopted by advocates of returning gold and silver to use as legal currency because they contend the precious metals hold their value over time. ...
... For the remainder of the report:
https://cowboystatedaily.com/2025/06/20/wyoming-closer-to-using-gold-and-silver-as-legal-currency/
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