Texas Leads the Charge: The Texas Bullion Depository

In 2015, Texas Governor Greg Abbott signed House Bill 483 into law, establishing the Texas Bullion Depository, the first state-administered precious metals depository in the United States. This facility, located in Leander, Texas, provides a secure storage option for gold and other precious metals, allowing individuals, businesses, and government entities to safeguard their assets within the state, reducing reliance on out-of-state depositories. The depository accepts various precious metals, including gold, silver, platinum, palladium, and rhodium. Operated by Lone Star Tangible Assets under the supervision of the Texas Comptroller's office, the depository began operations in 2018, with a permanent facility completed in 2020. This initiative enhances the security and stability of Texas' gold reserves, reinforcing financial independence and strengthening the state's role in the precious metals market. while also paving the 'yellow-brick road' for transactional gold and silver.

Texas Comptroller: The Texas Bullion Depository