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Now in Effect: Utah Law Authorizes State Gold and Silver Reserves

SALT LAKE CITY, Utah (May 3, 2024) – On Wednesday, a Utah law creating a process for the state to invest in and hold precious metals in reserve accounts went into effect. This sets a foundation for the Beehive State to achieve more financial independence and take a small step toward undermining the Federal Reserve’s

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To the Governor: Utah Bill Would Authorize State Gold and Silver Reserves

To the Governor: Utah Bill Would Authorize State Gold and Silver Reserves
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United statesUniversity of houstonKen ivoryWilliam greeneSpence coxBrandon rottinghausUtah senateFederal reserveFund budget reserveIncome tax fund budget reserveUnited precious metal associationWorld gold councilAlpine gold exchangeMises instituteHouse billState disaster recovery restricted account

Utah House Passes Bill to Authorize State Gold and Silver Reserves

Under the bill, the state treasurer would be authorized to invest up to 10 percent of certain funds in silver, gold, platinum, copper, or palladium.

United statesUniversity of houstonWilliam greeneKen ivoryBrandon rottinghausFederal reserveFund budget reserveWorld gold councilUnited precious metal associationAlpine gold exchangeMises instituteIncome tax fund budget reserveUtah houseHouse billState disaster recovery restricted accountGeneral fund budget reserve account

Utah House Committee Passes Bill to Authorize State Gold and Silver Reserves

Holding gold and silver would allow the state of Utah to shield its assets and hedge against rapidly depreciating Federal Reserve notes.

United statesUniversity of houstonWilliam greeneKen ivoryBrandon rottinghausUnited precious metal associationAlpine gold exchangeWorld gold councilIncome tax fund budget reserveFederal reserveFund budget reserveTaxation committeeMises instituteUtah houseHouse billState disaster recovery restricted account