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Should Idaho let its reserves be gutted by inflation or should it invest in gold?
By Stefan Gleason
Idaho Statesman, Boise
Monday, February 7, 2022
The recent explosion in inflation rates caused by runaway debt-funded federal spending and Fed money printing has sparked renewed interest in state legislatures, including the Idaho House, in the role gold and silver play in hedging against systemic risks.
With expanding concerns about financial leverage, debt defaults, volatility, and an erosion in purchasing power of the Federal Reserve Note "dollar," Ohio, Arkansas, West Virginia, Wyoming, Louisiana, and Arizona recently joined dozens of other states in removing tax penalties on buying, selling, and holding gold and silver.
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Meanwhile, several states are considering a modest allocation of state funds to the monetary metals -- a way to hedge their investments in fixed income and other assets vulnerable to inflation.
Ohio recently followed Texas in making a 3-5% gold allocation in its public pensions, and New Hampshire, Oklahoma, Wyoming, and Idaho are examining legislation right now to empower state treasurers to hold gold and silver as a reserve asset.
The Idaho state treasurer's office today has upwards of $10 billion in assets under management -- the value of which is rapidly bleeding away through negative real interest rates. ...
... For the remainder of the commentary:
https://www.idahostatesman.com/opinion/readers-opinion/article258022708.html
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