Texas Bullion Depository

Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies

In establishing gold and silver specie, the comptroller would be required to authorize the Texas Bullion Depository as issuer and ensure that the holder of the specie may use the specie as legal tender in payment of debt and readily transfer the specie to another person.

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Texas Committee Holds Hearing on Bill to Create 100% Reserve Gold-Backed Digital Currency

The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold as well. The comptroller would also be required to create a mechanism to use this gold-backed digital currency in everyday transactions.

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Big Step Forward for Sound Money: Location for Texas Bullion Depository Now Official

AUSTIN, Texas (Nov. 15, 2017) – The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new 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 a blueprint that…

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Texas House Passes Bill to Facilitate Operation of Bullion Depository

AUSTIN, Texas (May 5, 2017) – Yesterday, the Texas House unanimously passed a bill that would facilitate the establishment and operation of the Texas Bullion Depository; helping to undermine the Federal Reserve’s monopoly on money. Rep. Giovanni Capriglione (R-Keller) introduced House Bill 3169 (HB3169) in March. The legislation includes various provisions for the operation and administration of…

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Texas Committee Passes Bill to Facilitate Operation of Bullion Depository

AUSTIN, Texas (May 1, 2017) – A Texas House committee has passed a bill that will facilitate the establishment and operation of the Texas Bullion Depository. Passage of the bill would take another step toward getting the depository fully operational, and facilitating the everyday use of gold and silver in financial transactions in the Lone…

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Texas Committee Passes Measure to Facilitate Use of Gold Depository

AUSTIN, Texas (April 25, 2017) –  Last week, a Texas House committee passed a proposed state constitutional amendment that would authorize the legislature to exempt precious metals held in the Texas Gold Depository from ad valorem taxation. Passage of the amendment would take another step toward the everyday use of gold and silver in financial…

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