Holding gold, silver, and/or cryptocurrency would allow the state of North Carolina to shield its assets and hedge against rapidly depreciating Federal Reserve notes.
As Sound Money Defence League policy director JP Cortez noted while testifying in favor of a similar bill in Wyoming, “Proposals encouraging state gold holdings have come before the legislature since January 2019, but no bills have been passed. During the last four years of inaction on sound money, gold bullion, priced in declining dollars, has risen by 50 percent.”
Holding gold and silver in reserve will also create a pathway for North Carolina to maintain financial independence should the U.S. dollar collapse, a very real possibility as the world moves away from the greenback as its reserve currency.
h/t Paperscamisreal