Wyoming Passes Bill for State to Invest in Precious Metals

The Wyoming Senate overwhelmingly passed Senate File 96, which mandates the state treasurer to invest $10 million in physical gold and silver to diversify its portfolio as well as protect against inflation, debt risks, and economic volatility.  Sponsored by Sen. Bob Ide, the bill passed with a 25-6 vote and now awaits consideration in the House. The bill sponsor, Sen. Bob Ide, R-Casper, wants Wyoming to become less dependent on U.S. dollar-based investments, stocks and bonds. The legislation also calls for a study on incorporating gold and silver into the state's financial system, including potential acceptance as a payment medium. Since the passage of the Wyoming Legal Tender Act in 2018, the Cowboy State has been a leader for the rest of the nation in fiscal matters and joins states like Tennessee and Utah in establishing gold reserves. The broader movement to Constitutional Currency remains strong, with over 20 states introducing similar legislation in 2025.

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Wyoming Could Buy 10 Million in Gold...