Saturday, February 19, 2011

Oklahoma could invest in precious metals under proposal

An Oklahoma House panel passed a bill that would allow the state treasurer to invest in silver and gold bullion. The measure now goes to a House budget committee for further review. The state treasurer would be allowed to invest in silver and gold bullion under a bill passed Thursday by a House of Representatives committee. Rep. Mike Christian told members of a budget subcommittee on general government and transportation that gold and silver could be invested as a hedge or safe haven against any economic, political, social or currency problems, including investment market declines, the national debt or inflation....

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