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Idaho governor vetoes bill to enable state to hold protective gold and silver

Section: Daily Dispatches

By JP Cortez
Sound Money Defense League
via Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024

Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho state treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state's mining industry and investors.

Senate Bill 1314 -- sponsored by Sen. Phil Hart and Rep. Barbara Ehardt -- passed overwhelmingly in the Idaho Senate before being approved by the House in late March, only to be vetoed by the governor.

The House and Senate have the right to override the veto this week.

... Dispatch continues below ...


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Backed by the Sound Money Defense League and thousands of grassroots Idaho activists and taxpayers -- along with the Gem State's mining industry -- the measure would have allowed the treasurer to acquire gold and silver for certain state reserve funds, helping to hedge against the risks of inflation, debt default, and financial turmoil. ...

... For the remainder of the report:

https://www.moneymetals.com/news/2024/04/08/idaho-governor-opposes-gold-silver-vetoes-bill-to-enable-protective-holdings-003105

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