Although I haven't blogged much about it, something I have been keeping a close eye on is how certain central banks have been stockpiling record amounts of gold and other precious metals. China, India, Russia, Poland, are just some names that pop right out of my mind.
You don't have to take my word for it, just do some Google searches. This is also something 
Now, the reasons they do that, I don't know. Some may be preparing for a dollar collapse or others in an combined effort to weaken it or whatever.
And it looks like the state of Utah wants to join the fun:
As of today, Utah’s reserves are mostly treasuries, municipal bonds, corporate bonds, and agency debt. But they want to get their hands on something more tangible:
Utah Governor Spencer Cox signed legislation on Thursday empowering the state Treasurer to secure state funds with a significant allocation to physical gold and silver.
The Utah State Treasurer has limited options for holding, managing, and investing state monies, making this enabling legislation necessary.
You can click here if you want to read more on this story
Apparently, this makes them the third state to start stockpiling gold and silver after Texas and Ohio.
At the end of the day, it looks like many central banks suddenly have a hard on for gold and other precious metals. As if they are preparing for something...
Definitely, makes me want to buy more. Don't get me wrong, I lovr my crypto and I have more than I have ever imagined...
But dunno how they will hold up if the dollar collapses so I am glad I have a decent stack of silver and gold too :)
Maybe you want to get some too _