Bill’s Commentary:
“This is gold coming into the system, not out of it…”
Wyoming Enacts Law to Establish Strategic Gold Reserve
Senate File 96 – also known as the Wyoming Gold Act – requires the Wyoming Treasurer to diversify the state’s holdings by acquiring no less than $10 million in “specie and specie legal tender” as part of the state’s Permanent Mineral Trust Fund.
After the bill passed overwhelmingly through both chambers, Governor Mark Gordon – who once held a position at the anti-gold Federal Reserve and previously served as state treasurer – today begrudgingly allowed SF 96 to become law without his signature and wrote a letter expressing his personal skepticism about protecting taxpayer funds with a gold allocation.
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