Nation’s First State-run Gold Depository to Open in Texas

Nation’s First State-run Gold Depository to Open in Texas
Article by Merrill Hope June 20, 2017 AUSTIN (Breitbart.com) The nation's first state-administered gold depository expects to open in 2018, intent on repatriating $1 billion in bullion stored in New York, offering Texans a safe place to park their precious metals closer to home. Texas Comptroller Glenn Hegar announced at a June ...
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Texas Bullion Depository Bid Winner Has Been Announced

Texas Bullion Depository Bid Winner Has Been Announced
BY ANDY DUEHREN JUNE 14, 2017 AUSTIN (The Texas Tribune) —Texas Comptroller Glenn Hegar announced Wednesday that his office had picked an Austin-based company to build and operate the first state-administered gold depository in the country and that it could open as early as January.Two years after Gov. Greg Abbott announced Texas would bu...
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New Leader Named for Long-awaited Texas Gold Depository | Star-Telegram

New Leader Named for Long-awaited Texas Gold Depository | Star-Telegram
Article by: Anna M. Tinsley DALLAS (Start-Telegram) Tom Smelker just became one of the most important men in Texas because he's in charge of protecting the state's gold. Texas Comptroller Glenn Hegar on Monday named Smelker, 63, a longtime comptroller employee, to oversee the soon-to-be-developed Texas Bullion Depository. "For m...
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Texas lawmaker: It’s time to protect gold depository, reduce precious-metal taxes

Texas lawmaker: It’s time to protect gold depository, reduce precious-metal taxes
Article by: Anna M. Tinsley  DALLAS (Star-Telegram) State leaders want to make sure that whenever and wherever a gold depository is eventually built in Texas, the facility is safe and sound. State Rep. Giovanni Capriglione, R-Southlake, filed a bill recently to do everything from allowing operators to market and brand the facility to ensurin...
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First up: a gold depository in Texas. And then?

First up: a gold depository in Texas. And then?
Article by: Anna M. Tinsley DALLAS (Star-Telegram) - A gold depository in Texas is just the first step.After work begins on the state's first bullion depository — and proposals to create it are due by the end of the week — then officials hope to bring more commodity markets to the state."Gold is just the first thing," said state Rep. Giov...
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Giovanni Capriglione Prepares to Withdraw Texas Gold from New York City

Giovanni Capriglione Prepares to Withdraw Texas Gold from New York City
Texas house member Giovanni Capriglione visited New York City yesterday, and during that visit he took some time to pay a visit to the Texas gold that will soon be making it's new home in the Texas Bullion Depository.He posted the following comments and pictures to his social media:"UTIMCOs Texas Gold is stored at this exact HSBC vault location in ...
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The Texas Depository is a Golden Opportunity

The Texas Depository is a Golden Opportunity
Article by: Tarek Saab   The law establishing the Texas Bullion Depository is not about need. It is about value, and the value to the state is realized through revenue, opportunity, and diversification.First, the depository will cost taxpayers nothing. Zero. The fact that no fiscal note was attached to the bill was the primary r...
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Shiner company wants to create new gold depository

Shiner company wants to create new gold depository
Article by: Taylor Tompkins   VICTORIA (Victoria Advocate)  — The model that sits on the table in Texas Precious Metals' privately owned depository is small. But the idea captured by the miniature walls is a Texas-sized proposal in response to a uniquely Texas bill. The model is the Shiner business' proposal for a more...
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Mini Texas Bullion Depository at 2016 GOP Convention

Mini Texas Bullion Depository at 2016 GOP Convention
A Texas Observer article from June 2016 titled "Texas Bullion Depository the Stuff of GOP Dreams — For Now" stated that the state GOP convention housed multiple attractions, including the Texas Precious Metals' 3-D rendering of the Texas Bullion Depository.The article described the overall experience for attendees at the convention, saying, "[Atten...
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Entrusting Texas with Texas Gold

Entrusting Texas with Texas Gold
A Talking Points Memo article from June 2015 titled "With Eye on Fiscal Armageddon, Texas Set to 'Repatriate' Its Gold To New Texas Fort Knox" suggested that the Federal Reserve Bank of New York's vault in lower Manhattan would be rivaled by a state-run gold depository in Texas.The article stated that the regulations for the depository are unique t...
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Private Companies and the Precious Metal Depository

Private Companies and the Precious Metal Depository
An American-Statesman article from May 2016 titled "Could Texans soon be playing the gold card?" suggested that an alternative financial system could be created if Texas companies gain approval for the establishment of a precious metal depository in Texas.The article stated private companies would run the depository, saying, "Texas Precious Metals,...
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Bullion Backed Transaction System

Bullion Backed Transaction System
A Star-Telegram article from September 2015 titled "Where will Texas' gold rush be?" stated that the plan for a Texas Bullion Depository, signed into law by Gov. Greg Abbott, drew attention on a national scale. The depository, which would be the first of its kind, would provide a secure option for storing personally owned precious metals and would ...
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United States' first gold-based transaction system

United States' first gold-based transaction system
Article by: Tim Eaton  Texas may experience a Gold-Rush style phenomenon as the Texas Bullion Depository creates the country's first gold-based transaction system.The legislation behind the Texas Bullion Depository was created by state Rep. Giovanni Capriglione. "It's not just about bringing gold back home," he said. "It's about an alternative...
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Where will the Texas Bullion Depository be?

Where will the Texas Bullion Depository be?
Work has begun to create the first ever state level bullion depository in Texas, but being the first always presents a unique set of challenges. "We are not reinventing the wheel," said state Rep. Giovanni Capriglione, R-Southlake, author of the bill to create the depository. "But we are going from a wooden wheel to a golden wheel." "Ther...
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Texans assert independence and call for a Texas Bullion Depository and a more secure Texas

Texans assert independence and call for a Texas Bullion Depository and a more secure Texas
A CBSNews article from June 2015 titled "Texas wants its gold back from the feds" suggested that creating a state level bullion depository and a healthy gold reserve in The State of Texas could be the first step toward economic independence and secession from the federal government. The article made specific references to the controversy from ...
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Gold depository could soon be on its way to Texas

Gold depository could soon be on its way to Texas
Article by Anna M. Tinsley. Photo by Getty Images/iStockphotot. DALLAS (Star-Telegram) — Tarek Saab has a golden vision for Texas. Well, for a Texas Bullion Depository anyway. So he, and his company — Texas Precious Metals — set up a booth at the Republican Party of Texas state convention in Dallas to tell Texans about...
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Texas Gold: Republicans see first proposal for the state’s own bullion depository

Texas Gold: Republicans see first proposal for the state’s own bullion depository
Article by Hannah Wise. Photo by Vernon Bryant. DALLAS (The Dallas Morning News) — Almost a year after Gov. Greg Abbott signed a bill into law to "repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas," the state's Republicans got a look at one proposal for what a Texas Bullion Depository could look...
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Firms Vying to Help Texas Build Gold Depository

Firms Vying to Help Texas Build Gold Depository
Article by Aman Batheja. Photo illustration by Todd Wiseman. AUSTIN (The Texas Tribune) — Major international players in the precious metals industry — and some local upstarts — are hoping to get a piece of Texas' plan to launch an official state gold bullion depository, and the wide range of pitches they're making suggests even basic det...
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History of House Bill 483

History of House Bill 483
​When Texas Rep. Giovanni Capriglione first introduced the Texas Bullion Depository bill, it was 2013. In preparation for the 83rd Texas legislative session, he created a document outlining a plan to build a depository for bullion in his home state of Texas. His initial bill would not make it through the legislative session, but after several ...
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Transactions in Precious Metals

Transactions in Precious Metals
​Texas House Bill 483, establishing a state-run bullion depository, authorizes the creation of a bullion-backed transaction system within the depository's structure.The bill Texas Gov. Greg Abbott signed into law on June 12, 2015, states: "A depository account holder may transfer any portion of the balance of the holder's depository account by chec...
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