States Rush to Stockpile Gold as Inflation and Debt Mount

Clear Facts

• Texas, Florida, Utah, and Wyoming have passed laws to stockpile gold as a hedge against federal overspending.
• The national debt is projected to exceed $40 trillion by November as inflation continues to strain American households.
• Utah now permits its treasurer to invest up to 10% of state reserve funds into physical gold holdings.

Conservative lawmakers across the country are moving to protect state assets and citizens from the consequences of profligate federal spending.

These states are building gold reserves and enacting transactional laws to allow residents to save and spend gold as a defense against a devaluing dollar.

Supporters emphasize that these measures provide a necessary shield against the “carbon monoxide” of inflation.

By establishing gold as legal tender and creating state-run depositories, leaders aim to offer a stable alternative to the volatile federal financial system.

“Inflation is the carbon monoxide that you can’t see, taste or smell,” Georgia State Senator Marty Harbin stated regarding the urgent need for a hedge.

The push for fiscal security comes as energy costs spike and the national debt reaches historic levels.

Former Treasury Secretary Henry Paulson recently warned that the federal government needs an emergency plan to address a potential collapse in the market for U.S. Treasurys.

“We need an emergency break-the-glass plan which is targeted and short term on the shelf, so it’s ready to go when we hit the wall,” Paulson explained.

States like Oklahoma, Arizona, and Iowa are also considering electronic payment systems backed by gold.

These initiatives represent a growing movement to restore sound money principles as the federal budget remains bloated by mandatory spending and unfunded liabilities.

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