Wyoming stashes Gold in case of economic collapse

Nothing wrong here 👍

@Cuprinkor said:
Why would Wyoming (or any other state) publicize this?

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I think all states need to disclose where the tax money is going.

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I have no issue with a state doing this. The article mentions the price fluctuations in metals as a reason not to place money in them, but don't plenty of states invest money in funds tied to stock values, as well, and we know stock values can move quickly and in both directions, too.

Would I trust my State with a stash of gold? Never.

One county allowed tens of millions in fraud by employees. Accountability and restitution? Who knows? The foxes guarding the henhouse. Clown show.

@CaptHenway said:
Completely ignoring the issue of whether or not a state should own gold as a reserve, which I have no problem with, take a look at the vault shown in the article. As I understand that picture, whoever does have access to that vault, presumably just the employees of that vault, has access to all of the contents of that vault. Am I correct?

My faith in my fellow human beings has limits. I remember one time when a cashier at a restaurant accidentally gave me back $10 too much change. I naturally gave it back to her, and as she gushed her thanks I joked "Hey, I'm not going to rob you for $10, but give me a million dollars too much and we will see!"

I remember back in the mid 80's there was a private vault somewhere in downtown Denver that had individual locked compartments within. Sort of like a safety deposit box vault at a bank, but only you had your key. When it opened on a Monday morning, every box had been drilled and a certain employee had disappeared.

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The article mentions 72 "phone-sized" bars.
That is likely 72 kilo bars = 2,315 troy oz = about $11.2 million dollars worth (which the article also mentions).

This picture seems to show them:

And there they are:

@dcarr said:

@CaptHenway said:
Completely ignoring the issue of whether or not a state should own gold as a reserve, which I have no problem with, take a look at the vault shown in the article. As I understand that picture, whoever does have access to that vault, presumably just the employees of that vault, has access to all of the contents of that vault. Am I correct?

My faith in my fellow human beings has limits. I remember one time when a cashier at a restaurant accidentally gave me back $10 too much change. I naturally gave it back to her, and as she gushed her thanks I joked "Hey, I'm not going to rob you for $10, but give me a million dollars too much and we will see!"

I remember back in the mid 80's there was a private vault somewhere in downtown Denver that had individual locked compartments within. Sort of like a safety deposit box vault at a bank, but only you had your key. When it opened on a Monday morning, every box had been drilled and a certain employee had disappeared.

.

The article mentions 72 "phone-sized" bars.
That is likely 72 kilo bars = 2,315 troy oz = $11.5 million dollars worth (which the article also mentions.

This picture seems to show them:

And there they are:

Is that a few pallets of monster boxes on shelf C-4?

should be 2 simultaneous keys to unlock the vault, like a nuke launch

2,300 ounces of gold isn't material, even to a small state like WY.

@AUandAG said:
Nevada stashes gold, it's just that we leave it in the ground for that rainy day..

bob

Some individuals in Arizona do the same, they're called placer mining claims

@PapiNE said:
While $11 million is a drop in the bucket, I'm sure the feds will take note of Wyomings stash should the feds ever need it.

I've been through Wyoming - good luck finding it.