Going for the Gold in Texas

by | Jan 12, 2024

This March, voters in the Texas Republican primary election will see on their ballots a proposition calling for the state government, utilizing its Texas Bullion Depository that began operations in 2018, to advance the use of gold and silver as legal tender.

The proposition reads as follows: “The Texas Legislature should establish authority within the Texas State Comptroller’s office to administer access to gold and silver through the Texas Bullion Depository for use as legal tender.”

The one sentence proposition is short on details. Still, an affirmative vote on it could prove to be an important step toward enabling people to escape the inflation tax that comes with fiat money and the liberty destruction that a central bank digital currency would bring.

A Wednesday article at Schiff Gold provides more details about the upcoming vote, how some previous Republican Party primary votes in favor of propositions in the Republicans dominated state have been followed by corresponding legal changes, and indications there may be moves toward respecting the use of gold and silver as money in other states as well. You can read that article here.

Author

  • Adam Dick

    Adam worked from 2003 through 2013 as a legislative aide for Rep. Ron Paul. Previously, he was a member of the Wisconsin State Board of Elections, a co-manager of Ed Thompson's 2002 Wisconsin governor campaign, and a lawyer in New York and Connecticut.