Texas Bullion Depository - Revision history

Quidam65: add section

2023-02-03T18:11:22Z

add section

Quidam65 at 01:13, March 9, 2022

2022-03-09T01:13:23Z

Quidam65 at 17:37, November 2, 2021

2021-11-02T17:37:27Z

Quidam65 at 17:36, November 2, 2021

2021-11-02T17:36:52Z

Quidam65 at 19:19, July 15, 2021

2021-07-15T19:19:27Z

Quidam65 at 15:01, February 10, 2021

2021-02-10T15:01:13Z

Quidam65 at 15:00, February 10, 2021

2021-02-10T15:00:32Z

Quidam65: new page

2020-12-12T16:35:53Z

new page

New page

The '''Texas Bullion Depository''' is the only state-government operated bullion depository in the United States (all others are either Federal or privately owned).

The Depository is operated by the State of [[Texas]] Office of the Comptroller, in partnership with Lone Star Tangible Assets, and is located in [[Leander, Texas]] (a suburb of [[Austin]]).

The Depository was formed by the signing of Texas House Bill 483 in 2015 (which passed the Texas Legislature almost unanimously, despite criticism that it wasn't a good idea for taxpayers), opened for business in 2018, and opened its permanent facility a year later.

The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored). All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins, those exact same coins will be returned when withdrawn. Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items. All deposits are fully insured based on the value of the metal content; higher insurance is available for items with values higher than the content (such as numismatic coins).

Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, has chosen to deposit its holdings in New York and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings).

==External Links==
*[https://www.texasbulliondepository.gov/ Texas Bullion Depository]

[[Category:Texas]]
[[Category:Precious Metals]]

← Older revision		Revision as of 18:11, February 3, 2023
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	Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, chose to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings); it would later liquidate its holdings.		Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, chose to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings); it would later liquidate its holdings.
		+
		+	==References==
		+	{{reflist}}

	==External Links==		==External Links==

@@ Line 5: / Line 5: @@
 The Depository was formed by the signing of Texas House Bill 483 in 2015 (which passed the Texas Legislature almost unanimously, despite criticism that it wasn't a good idea for taxpayers), opened for business in 2018, and opened its permanent facility a year later.
-The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with numismatic and/or sentimental values higher than the content (such as the gold coins and wedding ring in the example).
+The Depository allows deposits of any precious metal, which includes [[gold]], [[silver]], [[platinum]], [[palladium]], and [[rhodium]], in either bullion or specie form.<ref>The site is inconsistent as to whether or not [[rhodium]] can be stored; however, the Texas Administrative Code states that rhodium is an acceptable precious metal for deposit.</ref>  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with numismatic and/or sentimental values higher than the content (such as the gold coins and wedding ring in the example).
 Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, chose to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings); it would later liquidate its holdings.

@@ Line 7: / Line 7: @@
 The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with numismatic and/or sentimental values higher than the content (such as the gold coins and wedding ring in the example).
-Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, has chosen to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings).
+Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, chose to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings); it would later liquidate its holdings.
 ==External Links==

@@ Line 5: / Line 5: @@
 The Depository was formed by the signing of Texas House Bill 483 in 2015 (which passed the Texas Legislature almost unanimously, despite criticism that it wasn't a good idea for taxpayers), opened for business in 2018, and opened its permanent facility a year later.
-The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with sentimental values higher than the content (such as the gold coins and wedding ring mentioned).
+The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with numismatic and/or sentimental values higher than the content (such as the gold coins and wedding ring in the example).
 Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, has chosen to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings).

@@ Line 5: / Line 5: @@
 The Depository was formed by the signing of Texas House Bill 483 in 2015 (which passed the Texas Legislature almost unanimously, despite criticism that it wasn't a good idea for taxpayers), opened for business in 2018, and opened its permanent facility a year later.
-The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with values higher than the content (such as the gold coins and wedding ring mentioned).
+The Depository allows deposits of [[gold]], [[silver]], [[platinum]], and [[palladium]] (the site is inconsistent as to whether or not [[rhodium]] can be stored).  All deposits are physically segregated from other deposits, so if a person deposits 100 American Eagle gold coins and his grandmother's gold wedding ring, those exact same coins and ring will be returned when withdrawn.  Currently, only United States citizens and permanent residents, and business entities located in the United States, can deposit items.  All deposits are fully insured based on the value of the metal content; higher insurance is available for items with sentimental values higher than the content (such as the gold coins and wedding ring mentioned).
 Notably the investment arm of the [[University of Texas]], which owns around $650 million in gold bullion, has chosen to keep its holdings in New York (where it has been since its purchase) and not use the depository even though it would be within driving distance of the campus (the bill creating the Depository did not require them to relocate their holdings).