A Texas Republican has introduced legislation aiming to establish state-issued currencies fully backed by gold and silver, potentially transforming everyday transactions for Texans. This initiative would allow the Texas Comptroller to issue gold and silver coins through the Texas Bullion Depository, enabling these currencies to serve as legal tender in the state. The proposed system emphasizes stability and competition against depreciating fiat currency, allowing holders to redeem their currency for physical gold or silver at market prices.

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How UBS’s $3,800 Gold Forecast Impacts Precious Metals Markets
UBS, the Swiss banking giant, recently made waves in the precious metals markets by raising its gold price forecast to $3,800 per ounce by late 2025. If this prediction materializes, that would be a significant 45% increase in 2025. Pretty incredible performance, but how does that stack up against other major years for precious metals? Understanding UBS’s Bullish Gold Prediction The investment bank’s dramatic upward revision from its previous target reflects a confluence of factors that could drive gold to historic highs. UBS analysts point to several key catalysts, including anticipated Federal Reserve rate cuts, persistent geopolitical tensions, and a