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Texas facilitates gold and silver ownership

Texas simplifies the use of a gold bullion warehouse and is thus a leader in the recovery of gold and silver as money.

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This is to be done by abolishing certain taxes on gold and silver if the precious metals are kept in a commercial warehouse in Texas. Private citizens, cities, companies and authorities can then use the safe place for the storage of precious metals. This will require a final adoption of a constitutional amendment and a signature by the governor. Already in the year 2015 a state precious metal depot was brought into being, in which 2018 the first storage took place.

Texas has recognized that gold is a basis of stability for the monetary system. As a result, central bank gold purchases last year reached their highest level since 2008. Texas is also concerned with a certain degree of currency autonomy vis-à-vis the FED.

Although the financial impact is small, the political impact is the decisive factor. In the long term, a bank based on precious metals could be created. By the way, Texas has the second largest area after Alaska and the second largest population of any US state after California.

For the private investor, too, involvement in precious metals and the companies that extract the valuable raw materials from the ground should be worthwhile. Interesting gold companies include Revival Gold and Aurania Resources.

In Idaho, Revival Gold - http://www.commodity-tv.net/c/search_adv/?v=298883 - focuses on its Beartrack and Arnett gold projects. The former has already produced earlier and produced 600,000 ounces of gold. Revival Gold also owns 51 percent of the Diamond Mountain phosphate project in Utah.

Aurania Resources - http://www.commodity-tv.net/c/search_adv/?v=299154 - searches the Lost Cities Cutucu project in Ecuador for the large Logroño de los Caballeros and Sevilla del Oro gold mines operated by the Spanish during the colonial period.

Current company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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