Texas to issue a gold backed crypto?

[Peter89]

All correct above -- my reference was that since folks like me have long been buying at non-reportable levels (under $10K/time). All those like me (and there are many) can use PM's without Gummint oversight. Buying a Tesla or something would be different...

I think every user of a gold forum belongs to the non-reportable folks Unca
And you are right, household bullion deployment - as limited as it may be - has a big advantage vs any gold backed digital currency: it guarantees our privacy.

 

[pmbug]

... First the bill has to pass and become law. ...

So Texas politics is a bit of a mess right now. I'm not sure how this will affect the chances of the pending Texas gold bills:

Many legislative sessions are starting this week, including in Texas. While there was an intense debate over who would win Speaker of the House, Rep. Dustin Burrows (R-Lubbock) won with 85 votes, exceeding the 76 votes needed to win. There will be continued debate about how this win happened, given that Rep. David Cook (R-Mansfield) had a majority of Republicans (52%), and 58% of the votes for Burrows were by Democrats (see chart below and this article by The Texan).

Will Democrats will run the Texas House?
We’ve seen how that turned out, with Democrats contributing to wins by former Speaker Joe Straus for years. It's terrible for fiscal conservatives! But could this time be different with Speaker Burrows, who tends to be more fiscally conservative and willing to discuss key reforms?
...

More:

Texas’ Path to Prosperity

Moving past the Speaker controversy in Texas...

vanceginn.substack.com

 

[pmbug]