A new gold rush: States stockpile bars, encourage gold-backed debit cards

By: Kevin Hardy

Outlets: Stateline

Published: April 10, 2026

Words: 1,662

Last Updated: 2 months ago

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More states are piling up gold bars, or encouraging residents to use gold-backed debit cards, to hedge against inflation.

Several states, including Western ones with rich mining histories, have been stockpiling gold as part of their broader state savings. And more states are looking to follow the lead of Texas and Florida by passing so-called transactional gold laws that would invite consumers to save and spend gold through their own accounts.

Critics question the need …

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