Big Step Forward for Sound Money: Location for Texas Bullion Depository Now Official

 

 

This goes nicely with the post we just did on Greenwich and Manhattan. The “blue state” exodus is real.

Sound money is honest money. If Texas wants to become a center for honest money it will (continue to) do well.

(From The Tenth Amendment Center)

The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Federal Reserve’s monopoly on money.

Gov. Greg Abbot signed legislation creating the state gold bullion and precious metal depository in June of 2015. The facility will not only provide a secure place for individuals, business, cities, counties, government agencies and even other countries to store gold and other precious metals, the law also creates a mechanism to facilitate the everyday use of gold and silver in business transactions. In short, a person will be able to deposit gold or silver in the depository and pay other people through electronic means or checks – in sound money.

Click here for the article.