ZeroHedge: Arizona Joins BRICS, Druckenmiller Buys Barrick

The Arizona Senate committee has given the green light to Senate Bill 1633 (SB1633), which aims to create the Arizona Bullion Depository, a secure facility for storing precious metals. More than just a storage solution, the bill also paves the way for the issuance of state-minted gold and silver coins, alongside a specie-backed transactional currency. This initiative, passed by a narrow 4-3 vote on Feb. 12 by the Senate Finance and Commerce Committee, represents a huge step toward integrating precious metals more directly into the state’s economy, offering an alternative to traditional fiat currencies.