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Texas Moves Gold Home Despite Unclear Depository Plan
Texas seeks to keep its gold holdings within state borders, but the proposed Texas Bullion Depository lacks location, construction, and funding details. About 5,600 bars valued at roughly $650 million are stored in a New York bank, with lawmakers citing sovereignty and security motives while the comptroller notes implementation gaps and user bullion intake rules.
MENTIONED IN THIS ARTICLE
Austin
Texas
Fort Knox
Federal Reserve
New York
Texas Comptroller’s Office