Arizona Looks to Gold to Secure State Assets

gold money, gold bars
Written by Mike Hammer

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.

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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