Stefan Gleason Blog | Idaho House Votes To Encourage Holding Physical Gold And Silver To Protect State Reserves | Talkmarkets - Page 2
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Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 450,000 readers, 35,000 paid customers, and $120 million in annual sales. He launched the company while president of a national newsletter publishing ... more

Idaho House Votes To Encourage Holding Physical Gold And Silver To Protect State Reserves

Date: Friday, February 12, 2021 12:15 PM EDT

By holding almost nothing but low-interest debt paper, Idaho’s reserves have mustered a return well below 2% -- a negative rate of return when adjusted for inflation.

H7 simply adds the authority to hold physical gold and silver directly – and in a manner that does not assume the counterparty and default risks involved with other state holdings. Meanwhile, H7 bill does not grant any authority to buy stocks, futures contracts, or other financial instruments.

“An allocation to physical gold and silver fits squarely within the objective of protecting Idaho ‘idle moneys’ against financial risks and would logically be included in a list of safe investment options,” said Stefan Gleason, President of Money Metals Exchange, an Idaho-based national precious metals dealer named this year by Investopedia as the best overall precious metals dealer in the United States.

The monetary metals can provide a hedge against inflation, debt default risks, and stock market declines – and have historically boosted investment returns while also reducing volatility,” said Gleason.

House Bill 7 is expected to be heard before the Senate State Affairs Committee as early as next week.


The Sound Money Defense League is an Idaho-based public policy group working nationally to promote sound money policies, including reaffirming the constitutional role of gold and silver as money.  For comment or more information, call 1-208-577-2225 or email jp.cortez@soundmoneydefense.org.

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