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States stockpile gold bars to hedge against inflation

From msn.com

Several states are loading up on gold bars as concerns about rising prices and massive federal government spending persist. States such as Texas, Florida, Utah and Wyoming have passed laws seeking to stockpile gold as a hedge against inflation and profligate federal government spending, while also seeking to boost access to gold for lower-income residents and to increase state savings plans, Stateline reported. The moves come as Americans have suffered under a persistent wave of inflation that began during former President Joe Biden’s sole term and has yet to abate under President Donald Trump, with the national debt ... (full story)

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  • Category: Fundamental Analysis