Texas facilitates gold and silver ownership
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/).
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