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Utah promotes a sound monetary policy. Spencer Cox, Governor of Utah, has signed a law to this effect. Now the state treasurer is allowed to hedge state funds, up to ten percent, with precious metals. And it is not just inflationary considerations that are behind this, but also the possibility of achieving capital gains. As the reserves were previously invested in government bonds, municipal bonds or corporate bonds, they lack inflation protection and also suffer when currencies lose value.

In the past, the currency metals gold and silver have increased overall investment returns and reduced portfolio volatility. In fact, even the Money Metals Exchange and the Sound Money Defense League have encouraged states to hedge pension and reserve funds with gold and silver. Texas and Ohio have already acted, and now Utah. Tennessee has passed a law to this effect and Idaho, Missouri and West Virginia are currently considering it.

Due to concerns about the US dollar, central banks have bought record amounts of gold in recent years. The Secretary of the Treasury has also been required to seek further legislative proposals by fall 2024. The role of precious metals in increasing and safeguarding economic security and the prosperity of the state and families is paramount. Incidentally, Wisconsin has just become the 44th state to abolish the sales tax on the purchase of gold and silver. All this shows that these precious metals are highly prized and rightly so. A few shares in companies from the gold and silver sector can do no harm.

Fortuna Silver Mines – https://www.commodity-tv.com/ondemand/companies/profil/fortuna-silver-mines-inc/ – is one of the gold and silver producers. The company’s five mines are located in Mexico, Peru, Burkina Faso, Argentina and the Ivory Coast.

Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – has gold and silver in projects in Mexico. These include the La Guitarra mine, which produced until 2018.

Current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -) and Fortuna Silver Mines (- https://www.resource-capital.ch/en/companies/fortuna-silver-mines-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/