Idaho Governor Brad Little vetoed a bill (SB 1314) intending to hold up to 7.5% of state funds in gold and silver.
Idaho Governor Brad Little vetoed a bill, SB 1314, that would have let the state hold up to 7.5% of its funds in physical gold and silver. The legislation aimed to hedge against inflation, debt default risks, and stock market declines. Governor Little cited concerns about the metals' vulnerability to inflation and their negative real interest rates. Similar legislation has passed in Tennessee and Utah.
April 08, 2024
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