With US States it’s easy to forget that they also have assets. And that those assets are usually exposed to market risks. In (R-Tucson) introduced a bill that would require Arizona to hold gold and silver as assets.
And not just token amounts either. The bill would require Arizona to hold at least 10% of the state’s asset base in gold and silver. In a “secure depository” of course. Because bank robberies really are a . You can read more about the bill in today’s featured article.
Continue reading at Money Metals Exchange.