Texans Want Constitutional Currency!

Proposition 7 in the March 5 Republican primary suggests that the Texas Legislature empower the State Comptroller's office to facilitate access to gold and silver via the Texas Bullion Depository, enabling their use as legal tender. Dorazio highlights his previous legislative efforts to establish gold and silver as legal tender in Texas, aiming to provide citizens with a hedge against inflation and enhance financial privacy. He emphasizes the importance of storing gold within the state and addressing tax and privacy concerns associated with current gold-backed financial services. Additionally, Dorazio underscores the urgency of this initiative in light of global economic shifts, such as efforts by BRICS nations to move away from the U.S. dollar, which could impact the dollar's status as the global reserve currency and potentially lead to increased inflation.

On March 5, 2024, the proposition received strong support, with 61.55% of absentee voters, 74.29% of early voters, and 76.34% of election-day voters casting "Yes" ballots, culminating in an overall approval rate of 74.95%. This outcome reflects a significant endorsement from Tarrant County Republicans for integrating precious metals into the state's financial system.