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, "[Attendees] took a journey of the mind through a miniature Texas Bullion Depository, where the state might someday house its sovereign wealth."
State Rep. Giovanni Capriglione, R-Southlake, created the depository bill, Bill HR 483, which was signed into law in June 2016. Capriglione's vision for the Texas Bullion Depository is related to the connection between citizens and local government. The article states, "He imagines local governments and individuals will also buy precious metals to store in the new facility. They'll buy and sell goods backed by the gold."
The state comptroller will sort through ideas from a dozen other companies, including Texas Precious Metals', to decide the future location of the Texas Bullion Depository.