History
2015 — Governor Greg Abbott today (June 12, 2015) signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from New York to Texas. The bullion depository will serve as the custodian, guardian and administrator of bullion that may be transferred to or otherwise acquired by the State of Texas.
Learn about offerings from the Texas Bullion Depository — Create an account
2023 — Identical bills in the House (HB4903) and in the Senate (SB2334) were crafted to create “a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust.”
These bills died for lack of action by legislators. Do remember, Dade Phelan was House Speaker. Dade gave House members very long weekends and fruitlessly pursued an impeachment of Attorney General Ken Paxton. A dozen faithless Republicans, contrary to the facts and evidence, voted with the Democrats to impeach AG Paxton.
Expect a lot of new faces in the Texas House in the 2025 Legislative Session.
In Operation Now
GOLD HELD IN TRUST. The comptroller serving as trustee or another person appointed by the comptroller serving as trustee or another person appointed by the comptroller who shall serve as trustee shall hold in trust on the behalf of the who shall serve as trustee shall hold in trust on the behalf of the who shall serve as trustee shall hold in trust on the behalf of the digital currency holders all gold purchased to back the digital currency. The trustee shall maintain enough gold to provide for the redemption in gold of all units of the digital currency that have been issued and are not yet redeemed for money or gold.
Gold deposits in Leander, Texas, are insured by Lloyds of London.
Our Opportunity: The 89th Texas Legislature
How would a Texas gold-backed digital currency work? Learn about GLINT, https://glintpay.com/us
My CLINT account facilitates the purchase of fractional gold. Simply stated: I buy gold in whatever dollar amount I wish, down to a penny’s worth. I spend gold with my CLINT Mastercard debit card.
The Texas gold-backed digital currency will work like GLINT, with many advantages.
CLINT gold deposits are stored in a Brinks vault in Switzerland and are insured by Lloyds of London.
Are other states developing a similar gold-backed currency?
Follow the progress of other states moving toward a gold-backed digital currency.
https://texastransactionalcurrency.com
Forbes, November 7, 2023, US States Leading The Move To A Golden Dollar
Texas is not alone. As Governor Abbott states, his duty is to protect the residents of the state of Texas. What are your priorities? Caring for elderly parents? Raising educated children? Ending the abortion of children in the womb?
I say, “None of the above.” Why?
Your personal finances are sacrosanct. Without finances, you cannot care for elderly parents, raise educated children, or participate in policy-making in your state or our country. Finances are absolutely essential for your daily bread, paying your bills, paying your mortgage, buying fuel for your car, and contributing to worthy causes.
Utah’s Path to Economic Liberty
Legality of a Texas Gold-Backed Currency
I follow Economic War Room with Kevin Freeman for information about the declining U.S. dollar and global economic realities. Kevin Freeman’s headquarters is located at LibertyHawk Ranch, 343 Hilltop Road, Argyle, Texas, 76226.
About Economic War Room
Introducing Economic War Room with Kevin Freeman, a digital media and weekly broadcast financial news show that provides new market insights into the challenges America and Wall Street face today. As the investment community recognizes new forces of Geo political and economic change, our mission is to provide insights and updates allowing investment professionals, financial advisors and their clients to develop personalized financial solutions.
No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts …
Article I, Section 10 of the U.S. Constitution
The price of gold in 1853 was $18.93/ounce. When I married in 1969, the price of gold was $41.28/ounce. Today, as I write and you read, the price of gold is $2,295.72.
Texas Precious Metals, 50 CR 356, Shiner, TX 77984, is my supplier of choice. Shipping is free for orders over $1,000.00.
There is no sales tax on gold bullion in the state of Texas. Before purchasing gold bullion from an out-of-state vendor, check this list of states that tax gold bullion.
Action
Educate yourself on this issue. Plan to lobby your Texas State Representative and your Texas State Senator. Urge them to support the Texas Gold-Backed Digital Currency bills.
John White
Rockwall, Texas
John N. White 