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Texas Opens First State-Run Gold Depository In US

June 07, 2018 - 6:40 am

DALLAS (1080 KRLD) - Texas now has the first state-run gold depository in the country.

The Austin vault is in a 23,000-square-foot building and is operated by Lone Star Tangible Assets. Texas Comptroller Glenn Hegar became the first customer when he deposited his own gold and silver this week.

Any U.S. citizen can set up an on-line account to store gold, silver, platinum and other precious metals.

The gold depository was okayed by the Texas Legislature and signed into law by Governor Abbott in 2015. 

A much larger facility will be built in Leander and should be open in 2019.