Ken Ivory, a member of the Utah House of Representatives, shared a series of posts on March 27, 2026, discussing gold purchases by central banks and Utah’s legislative initiatives related to gold.
In his first post, Ivory commented on central bank activity: “Central banks are still buying gold like it’s real money while currency is being hyper-diluted!!” (March 27, 2026).
Later that morning, he raised questions about liquidity and state policy: “What do you do when you need to get your hands on $9-10 Billion in a few days…??? #Gold is liquid. #Gold is money the world over!! #GotGold?? #Utah does thanks to HB348! Due to HB195 #TransactionalGold Bill this year, Utah will be leading the nation in establishing transactional” (March 27, 2026).
In another post that day, Ivory addressed concerns regarding national fiscal health: “An explosive and persistent national debt eliminate options when the inevitable crises comes along with no margin for error. This gets serious very quickly. Please prepare as you are able.” (March 27, 2026).
The mention of HB348 and HB195 refers to recent legislation passed in Utah aimed at facilitating the use of gold as a medium for transactions within the state. These bills reflect ongoing efforts by some U.S. states to explore alternatives or supplements to traditional fiat currencies.
Ivory’s remarks come amid broader debates about inflation and monetary policy worldwide. Central banks have increased their gold reserves in recent years as part of strategies to hedge against currency volatility and economic uncertainty.
