From Arizona to Utah: Gold as a Sound Public Investment

Goldback applauds Arizona’s passage of HB 2140 (Fink), authorizing the state treasurer to invest up to 10% of its trust and treasury monies in physical gold and silver—restoring time-tested assets to modern reserve strategy. Utah led the way as the first state to enact similar legislation, and Arizona continues among a growing number of states recognizing the enduring value of precious metals.

Gold and silver have served as reliable stores of value for centuries. They require no trust in a third party to hold their value and have consistently acted as a hedge against inflation and economic uncertainty—attractive qualities in today’s fiscal environment.

HB 2140 empowers treasury professionals to responsibly diversify state reserves with tangible assets that have stood the test of time. Arizona’s decision reflects a growing awareness across the country that when it comes to protecting and preserving value and purchasing power, gold and silver is still unmatched.