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Message Subject TEXAS BULLION DEPOSITORY: GOLD BACKED BANK to be COMPLETED Next year
Poster Handle MadInvestor
Post Content
We are not talking about returning to a gold standard here, just storing Texas gold back in Texas!

First, the depository will cost taxpayers nothing. Zero. The fact that no fiscal note was attached to the bill was the primary reason the bill passed almost unanimously in the House (140-1) and Senate (29-2).

Furthermore, the depository will generate revenue for the state from operations. Since the facility will be funded privately, an additional $20-plus million will be invested into the Texas market, along with at least 50 new jobs.
 
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