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Texas Proposes Gold and Silver Backed Currency for Everyday Transactions

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.

Original Source: GoldSeek

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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.

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