bullion depository

North Carolina House Passes Bill to Explore Creation of Bullion Depository Along with Gold, Silver and Crypto Reserves

the North Carolina House passed a bill that would mandate a study to explore the state acquisition of precious metals and cryptocurrency, along with a cost-and-benefit study on creating a state precious metals bullion depository.

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North Carolina House Committee Passes Bill to Explore Creation of State Bullion Depository

The legislation would direct the Department of State Treasurer to study the costs and benefits that would result from a state-administered and state-audited vaulting bullion depository in North Carolina.

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Tennessee Bill Would Create Precious Metals Bullion Depository

A bill filed in the Tennessee House would establish a precious metals bullion depository. This would not only create a safe place to store precious metals; it also has the potential to facilitate the everyday use of gold and silver in financial transactions in the Volunteer State and set the stage to undermine the Federal Reserve’s monopoly on money.

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Oklahoma Bill Would Create State Bullion Depository

A bill filed in the Oklahoma Senate would establish a state bullion depository. This would not only create a safe place to store precious metals; it also has the potential to facilitate the everyday use of gold and silver in financial transactions in Oklahoma and set the stage to undermine the Federal Reserve’s monopoly on money

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Tennessee Bill Would Create State Bullion Depository

The legislation would establish a state bullion depository that could operate either "exclusively or non-exclusively" as a precious metals depository to "serve as the custodian, guardian, and administrator of certain bullion and specie that may be deposited with the depository by this state, a political subdivision, or another instrumentality of this state, or by a private individual, party, or other entity."

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Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

The legislation is a companion to SB100 in the Senate and would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.

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Big Step Forward for Sound Money: Texas Picks Company to Run Bullion Depository

AUSTIN, Texas (June 21, 2017) – The Texas bullion depository took a major step closer to reality last week when officials formally announced the private vendor that will run the facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides…

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Tennessee Legislature Drops the Ball on Creating Gold Depository, Taking on the Fed

NASHVILLE. Tenn. (Jun. 5, 2017) – Last spring, Tennessee Gov. Bill Haslam signed a resolution in support of creating a state gold bullion depository. Both houses of the legislature passed the measure unanimously. So, what’s happened since? Nothing. Rep. Bud Hulsey (R-Kingsport) sponsored House Joint Resolution 516 (HJR516) during the 2016 legislative session. It declares…

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Texas House Passes Legislation to Facilitate Use of Bullion Depository

AUSTIN, Texas (May 14, 2017) – On Wednesday, the Texas House unanimously passed a proposed state constitutional amendment that would authorize the legislature to exempt precious metals held in the Texas Bullion Depository from ad valorem taxation. Passage of the amendment would take another step toward the everyday use of gold and silver in financial transactions…

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Tennessee Governor Signs Resolution in Support of Creating Bullion Depository

NASHVILLE, Tenn. (April 28, 2016) – Yesterday, Tennessee Gov. Bill Haslam signed a resolution setting the stage for creation of state bullion depository, an important first step toward establishing gold and silver as money in the state. Rep. Bud Hulsey (R-Kingsport) introduced House Joint Resolution 516 (HJR516) in January. The resolution declares support for creation of a gold bullion…

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