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11.07.25 - 15:15
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Texas Greenlights Gold And Silver As Legal Tender (ZeroHedge)
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Texas Greenlights Gold And Silver As Legal Tender
Via SchiffGold.com,
Austin, TX keeps rewriting the monetary rulebook.
House Bill 1056, cleared by both chambers in late May, designates properly marked gold and silver “specie” as legal tender in the Lone Star State starting September 1, 2026. A second phase—launching no later than May 1, 2027—authorizes an electronic payment rail fully backed by bullion stored in the Texas Bullion Depository.
While Federal Reserve notes remain king for now, the measure lays fresh track for Texans who prefer metal over paper or pixel money.
Unlike commemorative coins that often carry eyebrow-raising premiums, qualifying pieces under H.B. 1056 need only display weight and purity and may carry a private refiner's stamp—just no hints of sovereign issuance.
The act specifies that no person or business can be forced to accept the shiny stuff, sidestepping the usual “cash-only” grumbles from merchants.
Supporters see the voluntary app...
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