Nevada Gold Bond Petition
Nevada has literally tons of gold income. This gold is sold, so the state can pay its dollar expenses including debt service. The problem is that this exposes the state to the risk of a falling gold price (as has been occurring since May). The expenses remain the same, but the income falls. Refinancing in gold removes this risk.
It also allows the state to get out of debt at a discount. A paper describing the benefits of issuing gold bonds is here (https://www.monetary-metals.com/the-benefits-of-issuing-gold-bonds/
(The petition on this page is no longer available)
1 response to “Nevada Gold Bond Petition”
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I would like to think that the idea of gold bonds would find a favorable reception here in Tennessee. Please let me know what sort of information I can pass on to my local state legislators about this. It’s election time and that tends to make them much more receptive to new ideas, especially fiscally sound ones. It makes them come off as geniuses.
Best,
Theo.