I'm usually late to the dance here at CU. But have you heard about this one?

mt_msla · January 8, 2019 11:32PM

"Each deposit will be stored separately, which means any metals you deposit will be the exact ones you'll get back when you make a withdrawal."

https://www.texasbulliondepository.gov/

First ever: https://www.star-telegram.com/news/state/texas/article212593134.html

Paradisefound · January 8, 2019 11:34PM

I must've been late to the dance party too ...... let me goog it

BAJJERFAN · January 9, 2019 12:05AM

It's been discussed before that they wanted to repatriate their gold.

ttown · January 9, 2019 2:26AM

Well they pulled a billion in gold a few years back I'm sure it coming in now in installments, just ask Germany

1630Boston · January 9, 2019 3:51AM

Interesting,
The Texas Bullion Depository is an agency of the State of Texas.

mt_msla · January 9, 2019 4:04AM

@1630Boston said:
Interesting,
The Texas Bullion Depository is an agency of the State of Texas.

First one ever of any state.

mapleman · January 9, 2019 4:49AM

@mt_msla said:
"Each deposit will be stored separately, which means any metals you deposit will be the exact ones you'll get back when you make a withdrawal."

https://www.texasbulliondepository.gov/

First ever: https://www.star-telegram.com/news/state/texas/article212593134.html

If you don't hold it you don't own it. A bird on hand .....

mt_msla · January 9, 2019 5:16AM

If you don't hold it you don't own it. A bird on hand .....

I'm just playing show and tell. But like Abe Lincoln said, "If you read it on the internet, it must be true."

Hemispherical · January 9, 2019 5:31AM

Interesting. Thanks for the info @mt_msla.

First item on the FAQ page:

Who can store precious metals at the Texas Bullion Depository?

A: As of April 1, 2018, U.S. citizens and residents, including business entities can open an account at the depository. Services for depositors from other nations will open in the future.

astrorat · January 9, 2019 5:48AM

News article from the Texas Tribune on June 6, 2018:

https://texastribune.org/2018/06/06/gold-depository-texas-bullion-glenn-hegar-precious-metals/

dennis1219 · January 9, 2019 5:57AM

I think I’ll keep my billion in a manaise jar on Funk & Wagnalls back porch thank you.

thebeav · January 9, 2019 9:23AM

Just paint your bars black and throw them under the workbench.....Ooops....did I just flag myself ?

Timbuk3 · January 10, 2019 1:13AM

Thanks, but I'll pass !!!

ricko · January 11, 2019 10:16AM

I will keep my gold and silver right where I can see it. No worry about security, shipping costs or nefarious dealings that could tie it up for decades. Cheers, RickO

BuffaloIronTail · January 11, 2019 11:21AM

@dennis1219 said:
I think I’ll keep my billion in a manaise jar on Funk & Wagnalls back porch thank you.

Right behind ya, man!

Pete

53BKid · January 11, 2019 11:37AM

@ricko said:
I will keep my gold and silver right where I can see it. No worry about security, shipping costs or nefarious dealings that could tie it up for decades. Cheers, RickO

...or some future government confiscation of gold. Roosevelt did it in the '33. Government takes what it needs one way or another. If global warming occurs as projected and South Florida and the coasts are under water mid century, the government will do what it must.

johnny9434 · January 11, 2019 11:39AM

ill pass as well and keep it set aside somewhere. jmo

Smudge · January 11, 2019 11:44AM

No.

WillieBoyd2 · January 11, 2019 3:19PM

Is the Texas Bullion Depository like the Texas Schoolbook Depository?

Namvet69 · January 11, 2019 4:44PM

I remember all the gullible people who allowed the gold and silver buyers in the 1980's, store their bullion. Everybody got screwed when they skipped town. Buhbye

Gazes · January 11, 2019 5:18PM

is it that hard to get a safety deposit box to store gold?

blitzdude · January 11, 2019 6:38PM

What could go wrong? Lulz

I'm usually late to the dance here at CU. But have you heard about this one?

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