Kent Lambert: Colorado Should Stockpile Precious Metals

04/03/2010 05:12 am ET | Updated May 25, 2011
  • Tom Roeder Colorado Springs Gazette

At hearing Tuesday in Denver, a General Assembly committee will debate a plan by a Colorado Springs Republican to plow the state's savings account into buying gold, silver and platinum.

Rep. Kent Lambert's HB1155 would set up a gold-plated emergency fund for the state by using taxes on drilling and mining to buy precious metals -- actual metal rather than paper futures. Better yet, the press could see the state's stored wealth at the Capitol in Denver.

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