The Wyoming Gold Act mandates the state treasurer to hold and invest specie and specie legal tender in the Wyoming mineral trust fund.
The Wyoming Gold Act requires the state treasurer to hold and invest less than ten million dollars in specie and specie legal tender in the permanent Wyoming mineral trust fund. This is to diversify the state's investment portfolio, preserve capital, and insure against inflation, debt defaults, and other risks. The state treasurer may invest in precious metal leases or bonds if market conditions warrant. The state treasurer can contract with established precious metals firms and industry experts to assist with these duties, subject to financial disclosures and other requirements.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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