Oil has been known as “Texas Tea” and “Black Gold.” There is no substitute for the real thing; gold is the gold standard.
In 2015, the Texas Legislature authorized the Texas Bullion Depository.
Mr. Edmund Moy was the 38th director of the United States Mint, from 2006 to 2011. He envisions the depository as “the modern-day version of Fort Knox.”
The Texas Solution to Precious Metals Storage
The Texas Bullion Depository is an agency of the state of Texas, making it the only state-administered and audited vaulting facility in the nation.
To make sure investors are protected from ever having to worry that the precious metal assets they own could disappear in an instant, the state of Texas brought together a team spanning a wide range of skill sets and knowledge, from business operations and network security to facilities management and financial services.
The Texas Bullion Depository team includes experienced professionals from the precious metals industry which add an extra layer of expertise to the Depository Operations.
- The Texas Bullion Depository is an agency of the state of Texas
- Offers liquidity on the scale of COMEX
- 100% all-risk insurance through Lloyd’s of London
- Created to eliminate Counter-Party Risk
The Texas Bullion Depository is located on a 10-acre campus in Leander, Texas. The facility is just north of Austin, within a short drive from the Texas Capitol and the Comptroller’s office.
Learn more about the Depository
What do you know about the Texas Gold Bullion Depository?
A Texas Gold-Backed Currency
The primary aim of the Texas Bullion Depository is to store precious metals. These metals will supply value for a Texas gold-backed currency.
A Texas gold-backed currency offers important benefits.
- Immune to the raging inflation of the fiat U.S. dollar
- Not subject to U.S. dollar capital gains taxes
- Privacy protected from federal agencies that will be able to spy on citizens and even limit their purchases through the proposed, inevitable CBDC.
- Offers liquidity on the scale of COMEX
- The Texas Bullion Depository is an agency of the state of Texas
- A Texas gold-backed currency is authorized by Article I, Section 10 of the U.S. Constitution
“No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts…”
What can I do?
Contact your Texas State Legislator and your Texas State Senator. Urge them to support bills creating a Texas gold-backed currency.
Find your State Representative and State Senator via this link: Who Represents Me?
What You Need To Know
- Texas is becoming the financial hub for the United States of America—DFW | Fastest-Growing Financial Hub
- The Federal Central Bank Digital Currency (CBDC) will give full control of your “deposits” to federal bureaucrats. They will be allowed to seize your money. They can also spy on you or limit your purchases.
- Financial analysts and expert investors foresee a recession.
- 7/24/2024, 487: Are We Heading for a 2030s Depression? Global Economic and Population Shifts
- CBS News, 8/8/2024, Is the U.S. headed for a recession? Here’s what the experts say.
- J.P. Morgan, 8/15/2024, The probability of a recession now stands at 35%
- U.S. News, 10/18/2024, Recession 2024: What to Watch and How to Prepare
- KPMG, 11/12/2024, Economic Compass: Policy shifts & the economy: Inflation & higher interest rates
- Unemployment is slightly lower in 2025 but rises in 2026, as the economy stalls.
- The economy is now forecast to grow in 2025 but weaken in 2026. The boost to growth by fiscal stimulus is more than offset by the constraints due to tariffs and curbs on immigration.
- Inflation reignites in 2026 and moves up more rapidly in out-years.
- The Federal Reserve abandons rate cuts in 2026, if not sooner. The fed funds rate ends 2026 in the 3.25%-3.5% range, a half percent higher than we had just a month ago.
- The ‘Texaplex’ is becoming the wealthiest area of the United States of America. It is also the fastest-growing metropolitan area in the country.
Then there is this: US National Debt
Click on the image to the right to view live data.
The price of gold in US dollars is the best example of the negative effects of inflation.
Gold was $41.00 per ounce in 1969 when my wife and I married.
Gold price today (November 20, 2024) is $2,646.45 per ounce.
Gold is a Store of Value
I recommend a book by Kevin Freeman titled Pirate Money
The book is available from Amazon.com.
When they met in Philadelphia in 1787, everyone understood real money as Spanish gold doubloons and silver pieces of eight. The Founders hid a clause in the Constitution that allowed states to use Pirate Money as legal tender. Adding current technology, their secret can be used to stop the threats of inflation, federal overreach, and the Great Reset while preserving personal liberty and privacy.
This book offers a blending of old-world and modern solutions that will forever change the way you view money.
What About Confidence In The US Dollar?
The Federal Reserve has no confidence in the US dollar. There is a plan in progress now to replace the dollar with a Central Bank Digital Currency (CBDC).
President-elect Donald Trump proposes a digital currency like Bitcoin. Read Investopedia, 11/06/2024, What Trump’s Election Win Could Mean For Bitcoin and Crypto.
Why am I not interested in Bitcoin and Crypto? I ask you, “What is the basis of the value of these digital dollars?” Answer: NOTHING. The value of Bitcoin is akin to the market exuberance leading up to the Great Depression.
What Can YOU Do?
Contact your two representatives to the Texas Legislature. Tell them to focus on passing the Texas gold-backed currency.
Who represents you?
- Simply click on this link: Who Represents Me?
- Enter your information.
- The two officeholders are your Texas House District representative and your Texas Senate member.
- Send written email messages to them, urging them to support a Texas Gold-Backed currency.
- Call their Austin offices and the district offices nearest your home.
Scientia Potentia Est – Knowledge Is Power
John White
House District 33 – Representative-elect Katrina Pierson
Senate District 2 – Senator Bob Hall
Rockwall, Texas
John N. White 