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Treasurer's office readies $10 million specie purchase; Casper storage option discussed
Summary
State treasurer's office told the Select Committee it is on track to meet the statute requiring a $10 million purchase of specie by Jan. 1, 2026, with options to store the metals in New York or at a Casper facility; Wyoming storage is marginally more expensive but may yield ancillary public benefits, officials said.
The state treasurer’s office told the Select Committee on Capital Financing & Investments that it is readying to comply with the Wyoming Gold Act statutory mandate to acquire specie (gold/silver) and expects to execute a $10,000,000 purchase as directed by law.
Norman LeBlanc, interim chief investment officer for the treasurer’s office, said due diligence has been conducted in three areas — acquisition, transportation and storage — and that the office has contacted major institutional counterparties for acquisition. "We are ready to make final decisions and get in a position to make…
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