With US States awash in debt it’s easy to forget that they also have assets. And that those assets are usually exposed to market risks. In Arizona State Representative Mark Finchem (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 continuing thing. You can read more about the bill in today’s featured article.
Continue reading at Money Metals Exchange.