The red state gold rush: Why some lawmakers are pushing precious metals
Summary
Some lawmakers in several U.S. states are proposing laws to make it easier for people to use gold and silver as money and to allow states to hold gold as part of their savings. These laws aim to give people more options to protect their wealth from inflation, but no one is required to use precious metals instead of dollars.Key Facts
- Lawmakers in Georgia, Arizona, Oklahoma, Iowa, and Utah have introduced or passed bills allowing gold and silver to be used in payments.
- Georgia’s bill would have allowed gold and silver payments through mechanisms like prepaid debit cards, but it did not pass.
- Utah passed a law letting the state invest up to 10% of its emergency fund in gold.
- These laws do not replace the U.S. dollar or a return to the gold standard; they provide additional payment choices.
- The price of gold has risen recently due to easier buying options like gold ETFs, higher demand from investors, and central bank purchases.
- Gold is currently about $4,800 per troy ounce, which is higher than it was in 2025.
- Experts say gold has not worked well as money for many years and can be very unstable in price.
- Interest in gold partly comes because it is seen as less controlled by the government.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
