In 2015, Governor Abbott signed a bill to establish a gold bullion depository in Texas, repatriating $1 billion of gold from New York. In 2023, bills to create a gold-backed digital currency failed to pass. The Texas gold-backed digital currency will work similarly to GLINT and other states are also moving toward a gold-backed digital currency. Governor Abbott emphasizes the importance of protecting Texas residents and urges people to educate themselves on the issue and lobby their representatives to support the Texas Gold-Backed Digital Currency bills.
Tag Archives: Texas Gold Bullion Depository
Real Money: In the Beginning, Gold…
Repatriation of Gold “From August 22nd through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion is the feasibility of setting up a jointly-owned international financial institution. It would be funded by gold deposits, issue a currency, and …
Dear Lt. Governor Dan Patrick,
Regardless of the plans of citizens, businesses, and governments, nothing is possible without adequate finances. If the US dollar collapses next week, how long will the Texas budget surplus last? Overnight, perhaps?
John N. White 