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North Dakota House approves bill to invest $40 million in gold and silver over three years.
The North Dakota House of Representatives has approved House Bill 1183, which plans to invest 1% of the state's general fund deposits into gold and silver over the 2027-2029 period, totaling about $40 million.
The bill also requires a study on how such investments could impact inflation and economic stability.
It now heads to the Senate for a vote.
Rep. Daniel Johnston, the bill's sponsor, notes that a similar investment a year ago would have seen an $18 million increase in value.
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North Dakota House aprueba proyecto de ley para invertir $40 millones en oro y plata en tres años.