ID S1338

Authorizes the Idaho State Treasurer to invest idle state treasury moneys in physical gold and silver, adding precious metals to the existing list of permitted investments

Physical gold and silver must be stored in a precious metals depository meeting current industry security standards, located within Idaho, a contiguous state, or Texas

Alternative storage permitted in Idaho-chartered banks or Idaho credit unions when held in a Class 1 vault within state boundaries

State Treasurer must ensure deposited gold and silver is insured, independently audited, and physically segregated from other assets

Maximum investment in physical gold and silver capped at 7.5% of total idle moneys invested under this section; effective date July 1, 2026 (emergency clause)