During the January 22, 2025, meeting of the Wyoming Senate Revenue Committee, a significant discussion emerged regarding the role of gold as an asset for the state. One committee member expressed skepticism about the feasibility of returning to a gold standard, citing historical context and practical challenges. The member noted that the U.S. Treasury holds over 8,000 tons of gold, far surpassing Germany's 3,000 tons, and argued that if the U.S. dollar were to fail, the government could issue a new dollar, making gold less relevant as a currency.

The discussion highlighted the impracticalities of using gold as currency in modern times, including the lack of necessary infrastructure, such as scales for weighing bullion. The member emphasized that while gold could be considered as an asset, it does not provide a strong return on investment for the state.

In response, another senator countered that gold has doubled in value over the past five years, suggesting that it remains a viable investment. However, concerns were raised about the potential for the government to reclaim gold assets through executive order, which could render them worthless.

Ultimately, the committee moved forward with the bill, indicating a willingness to continue exploring the implications of gold as an asset while recognizing the complexities involved. This discussion underscores the ongoing debate about the role of traditional assets in modern financial strategies and their potential impact on state investments.